Search Results for: Thai stock market
- Business News
Thai stock market rebounds despite US tariffs and global volatility
Last month, the Stock Exchange of Thailand (SET) experienced volatility during the long holiday period. Before the Songkran festival, the SET was significantly impacted by US President Donald Trump’s tariff announcements, reaching a low of 1,056.41 points early in the month. The tariff news affected global stock markets; however, the gold price rose to over US$3,300 (approximately 113,190 baht) per…
- Business News
Thai stock market tumbles amid US tariff concerns
The Stock Exchange of Thailand (SET) today experienced a significant drop in share prices amid concerns over a potential trade war following tariff increases by the US government. The SET Index fell by 42.30 points or 3.76%, reaching 1,082.91 shortly after opening. The Thai market resumed trading after a three-day break, while other global markets were unsettled yesterday, April 7,…
- Business News
SEC to charge violators to boost Thai stock market confidence
The Securities and Exchange Commission (SEC) is set to initiate legal proceedings against violators of the Securities and Exchange Act to bolster confidence in the Thai stock market. This decisive action highlights the SEC’s commitment to safeguarding investor interests and maintaining market integrity. According to Anek Yooyuen, SEC Deputy Secretary-General, the regulatory body will persist in addressing cases involving misconduct…
- Thailand News
Trump victory prompts Thai stock market strategy reevaluation
Donald Trump’s victory in the US presidential election, coupled with a comprehensive Republican majority in Congress, has prompted a reevaluation of investment strategies in the Thai stock market. Natchat Mekmasin, assistant managing director of securities analysis at Trinity Securities, suggests that the Thai stock market is likely to align with the broader trend observed in emerging markets. However, he points…
- Business News
New fund to boost Thai stock market by 90 points this year
A significant new fund is set to begin investing in the Stock Exchange of Thailand (SET) in the latter half this year, potentially boosting the index by approximately 90 points, according to Bualuang Securities (BS). The Vayupak Fund, which promises a minimum return of 3%, is anticipated to start with a minimum value of 100 billion baht. Around 90 billion…
- Thailand News
Political turmoil sends Thai stock market plummeting
Prime Minister Srettha Thavisin acknowledged that Thailand’s current political turmoil is likely behind the recent stock market plunge, which hit a four-year low on Monday. Analysts have pointed to three high-profile court cases shaking the nation’s political landscape as the primary cause of investor anxiety. “It is about stock market sentiment.” PM Srettha highlighted that he, among others involved in…
- Business News
Thai stock market poised for upward surge after rocky start
After a downward trend in the first half of the year, Thailand’s stock market is predicted to come back in the second half, with a 2.7% decline year-to-date making it one of the worst global performers. This potential recovery is anticipated to be driven by a combination of growing fiscal budget disbursement, a weaker baht, and a revival in tourism and…
- Business News
Thai stock market set for a drop due to US inflation
Kasikorn Asset Management (K-Asset) anticipates a downward trend in the Thai stock market over the forthcoming quarter, prompted by a slow decrease in US inflation and interest rates. The asset management firm advises investors to mitigate risk through portfolio diversification, targeting the US and Indian stock markets. K-Asset CEO Wajana Wongsupasawat forecasts an additional drop in the Thai market in…
- Business News
Thai stock market hits snooze button despite extended hours
Despite the extension of the Stock Exchange of Thailand‘s (SET) trading hours and looming interest rate cuts by the Bank of Thailand, the Thai market failed to rally yesterday. Concerns over a premature rate cut and the aftermath of a recent terrorist attack near Moscow fuelled investor anxiety. The SET yesterday, March 25, increased its trading period from 270 to…
- Business News
Thai stock market could sink below 1,300 amid foreign investor exodus
In a worrying development, analysts signalled that the Stock Exchange of Thailand (SET) index, which plummeted to a three-year trough yesterday, could continue its descent to below 1,300 points in the short term as foreign funds persist in their exodus. The Thai stock market appears unaffected by the recent resurgence of other equity markets, despite encouraging indicators emerging since last…
- Business News
No evidence of naked short selling in Thai stock market, says ASCO
The Stock Exchange of Thailand (SET) and the Association of Securities Companies (ASCO) confirmed that there is no occurrence of naked short selling within the Thai exchange. This comes amidst the Securities and Exchange Commission’s (SEC) request for ASCO members to align their short-sell guidelines with those of the SEC. Pichet Sithi-Amnuai, ASCO president, revealed that regular inspections of short…
- Business News
Thai stock market hit by short selling amid falling figures
Speculation on short selling and naked short sales has been linked with causing havoc in the Thai stock market today, as retail investors attribute the continuous market decline to these practices. The Stock Exchange of Thailand (SET) has taken a hit this year with a drop of 14.9% as of November 20 and a decrease in market capitalisation from 3.2…
- Business News
Thai stock market plunges amid public debt concerns and reduced GDP forecast
Following a decline of over 1.5% yesterday, the Stock Exchange of Thailand (SET) dropped below the 1,450 points mark. This follows mounting apprehensions concerning escalating public debt and economic growth after the World Bank scaled down its forecast for the Thai GDP. Daol Securities (Thailand) noted selling pressure from the majority of investor groups due to persisting worries about the…
- Business News
Stock slide stalls: Thai stock market slump set to stabilise as analysts predict limited decreases
The Stock Exchange of Thailand (SET) index has been subjected to a downward revision this year, dipping to a three-month low of roughly 1,470 points. This has led market analysts to believe that further decreases are now limited. Kasikorn Securities (KSEC) consequently altered its SET index target to 1,544 points by the close of 2023, a significant drop from the…
- Business News
Fed’s high interest rates outlook spooks Thai stock market investors
The hawkish stance of the Federal Reserve on maintaining “higher for longer” interest rates is projected to keep the Thai stock market in bearish territory. This comes as elevated rates pose a threat to global economic recovery, leading to consistent fund outflows from the Stock Exchange of Thailand (SET). Despite the expected decision by the US central bank to retain…
- Business News
Thai stock market fluctuates amid MFP leader’s shareholding controversy
The Move Forward Party (MFP) leader’s shareholding case prompts fluctuations in the Thai stock market. The Exchange Commission (EC) yesterday referred Pita Limjaroenrat’s iTV shareholding case to the Constitutional Court for resolution, sending ripples through the stock market. Suspicions regarding Pita’s iTV shareholding led the EC to propose he ceases all MP duties immediately, pending court deliberation in the following…
- Business News
Thai stock market suffers as Stark Corporation defaults
Investors were cautioned by stock market regulators regarding Stark Corporation’s shares, as the company is expected to default on payments for corporate bonds valued at nearly 9.2 billion baht. Following a bondholders’ meeting, Stark announced its intention to “call default” on two bond series worth 2.24 billion baht within a month, raising concerns about the company’s ability to pay for…
- Business News
Thai stock market rebounds with net inflows as investors absorb negative US news
The Thai stock market has begun experiencing net inflows this week after significant capital outflows during the first four months of the year, according to the Stock Exchange of Thailand (SET). Investors have seemingly absorbed negative news regarding the US banking crisis and the possibility of a recession. Soraphol Tulayasathien, a senior executive vice president, expressed hope that May would…
- Economy News
Thai stock market is a favorite among foreign shareholders
Last month, foreign investor confidence in Thai stocks stayed strong, with the kingdom’s stock exchange recording net inflows of nearly 140 billion baht for the sixth month in a row. International investors believe that any food shortages will have a minimal effect on the Thai economy and that the tourism sector will rebound in the second half of 2022, according…
- Business News
The military coup is bullish for the Thai Stock Market
PHUKET: For those of us from the United States and Western Europe, it is hard to imagine a military coup occurring in our home countries. Matter of fact, I get calls from nervous friends and relatives asking if I’m okay and if there are tanks in the street. Well, for those of us that have lived here for quite some…
- Business News
Political unrest impacts Thailand’s stock market performance
Political turbulence, both on the domestic and international fronts, is tempering the growth prospects of the Stock Exchange of Thailand (SET), despite the Thai index briefly surpassing the 1,500-point mark. Analysts note that the Election Commission’s (EC) recent decision to investigate Thaksin Shinawatra for potentially exerting undue influence over the ruling Pheu Thai Party is a significant factor. The political…
- Business News
Thailand’s stock market sees a ‘baht’ of foreign interest
Foreign investors have increased their holdings of Thai shares by 1.37% in the first eight months of 2024, reaching a total of 5.18 trillion baht, based on data from the Stock Exchange of Thailand (SET). This rise highlights the growing interest in the technology, financial, and services sectors. By August 2024, foreign investors held over 5.18 trillion baht (US$155 billion)…
- Thailand video news
Thailand video news | Amnesty Debate on Lese Majeste Law Set to Ignite Tensions in Thai Parliament, Malaysia’s Stock Market Bounces Back After Years of Decline
In Thailand video news, Alex covers top stories from across Thailand and Southeast Asia. News include the Amnesty Debate on Lese Majeste Law Set to Ignite Tensions in Thai Parliament, Thai Singer Tik Shiro Charged with Drunk Driving After a Fatal Crash, and a Reckless Driver Cutting Off an Ambulance Twice in a Dangerous Road Rage Incident. Other notable stories…
- Business News
Stocking up: Thai market on a roll with Vayupak, ESG fund boost
Thai stocks are poised for continued growth in the fourth quarter, driven by incremental investments in the state-run Vayupak Fund and tax-saving Thai ESG funds, according to the Stock Exchange of Thailand (SET). SET President Asadej Kongsiri revealed that retail investor participation has surged, now accounting for 52% of trades, up from just under 50% in the preceding months. An…
- Thailand News
Thai prime minister addresses small investors’ crisis of confidence in the stock market
Thailand’s Prime Minister and Finance Minister Srettha Thavisin has spoken about the news of small investors planning to stop trading on November 20 due to a crisis of confidence. The situation, the Thailand prime minister says, is serious and warrants investigation. The government, he assures, is not taking negative measures against the Thailand Stock Exchange, but is trying to improve multiple…
- Hot News
Stock market share trades to be taxed in Thailand after being exempt for past 30 years
After being exempt for the past 30 years, the Thai cabinet has decided to make stock market share trades taxable. According to Thai PBS World, Finance Minister Arkhom Termpittayapaisith says that now all stocks that are traded on the market, whether at a profit or loss, will be subject to a financial transaction tax of .1%. He furthered that the…
- Thailand News
Phuket Gazette Thailand News: Both sides suffer from violent clashes; New plan to pay rice farmers; MP registration by mail; Foreign investors continue retreat from stock market
PHUKET MEDIA WATCH – Thailand news compiled by Gazette editors for Phuket’s international community On both sides, victims share the bitter pain of street clashes Phuket Gazette / The Nation PHUKET: A junior policeman has become a hero for kicking away a grenade in his bid to protect colleagues during a Bangkok clash – but his wife thinks his fame…
- Thailand News
Army and prisoners tackle Thailand’s fruit labour crisis
To tackle the ongoing labour shortage and ensure a smooth harvest, the Department of Internal Trade (DIT) has launched an ambitious plan to handle the incoming fruit harvests from both the north and south of Thailand. The initiative, which has already gained support from military personnel and good prisoners, aims to streamline fruit distribution and provide much-needed assistance to farmers.…
- Business News
Bourse of concern: Thai stocks tumble after US strike on Iran
A United States military strike on Iran* has sent shockwaves through global markets, with Thailand’s stock exchange plunging to post-pandemic lows, prompting emergency stabilisation measures to stop the slide. The Stock Exchange of Thailand (SET) went into crisis mode yesterday, June 23, after fears of an escalating Middle East conflict caused oil prices to surge and Thai stocks to slump 1.3%,…
- Thailand News
Cambodia fuel shortage drives cross-border traffic surge into Thailand
A fuel shortage in Cambodia has led to a significant increase in cross-border traffic into Thailand, as Cambodian motorists seek to fill their tanks with more affordable and readily available fuel. Yesterday morning, more than 100 luxury vehicles were observed crossing the Thai-Cambodian Friendship Bridge into Aranyaprathet district of Sa Kaeo province, resulting in congestion near the immigration checkpoint. This…
