Stock Exchange

  • Business News

    Thailand Stock Exchange shakes up trading oversight

    The Thailand Stock Exchange (SET) has launched a series of initiatives to bolster trading oversight and refine company listing criteria. This move is to regain investor confidence, following a 15.5% negative return last year, the worst performance globally among stock exchanges. Foreign investors offloaded 192 billion baht worth of Thai shares last year, with this trend continuing into the first…

  • Business News

    Index Living Mall targets low-income success defies mortgage setbacks

    Index Living Mall (ILM), a Stock Exchange of Thailand (SET)-listed company, has observed rapid growth in the low-income segment, despite soaring mortgage rejection rates. This trend led to a strategic shift in the company’s approach, expanding its product range to include non-branded furniture and budget-friendly products imported from China. Kridchanok Patamasatayasonthi, ILM Managing Director, highlighted the exceptional 100% growth within…

  • Business News

    Foreign funds return to SET amid Federal Reserve expectations

    Foreign funds made a return to the Stock Exchange of Thailand (SET) in February, despite a 3.2% shrinkage of the SET index in the first two months of 2024. The investors’ return was driven by a decrease in expectations of the Federal Reserve’s policy rate cut, which was predicted to happen only thrice this year. Soraphol Tulayasathien, the SET’s senior…

  • Business News

    Thailand stock exchanges extend trading hours to attract foreign investors

    The Stock Exchange of Thailand (SET) and the Market for Alternative Investment (MAI) announced an extension of their daily trading hours starting March 25. This move will see the afternoon session open half an hour earlier, thus facilitating five hours of trade on the two exchanges daily. The SET stated that this alteration in trading hours is an effort to…

  • Business News

    Thailand intensifies crackdown on illegal short selling

    The Chairman of the Stock Exchange of Thailand (SET), Pichai Chunhavajira, announced plans to intensify the country’s crackdown on illegal short selling as shares continue to underperform. Currently, the law permits penalisation of only the securities companies that initiate the short-selling order. However, the market authorities are contemplating amending the law to allow the prosecution of both individuals and companies…

  • Business News

    Thai stock exchange to tighten short sales and program trading rules

    The Stock Exchange of Thailand (SET) is set to introduce stricter regulations on short sales and program trading, aiming to mitigate securities price volatility and bolster the long-term resilience of the market. This decision follows a comprehensive study conducted by an external advisor, which found the SET’s market surveillance system to be on par with regional standards, as per a…

  • Business News

    Enhancing transparency and trust: SEC’s cautionary measures

    In a bid to enhance transparency and trust in the capital market, the Securities and Exchange Commission (SEC) is set to introduce cautionary measures for securities that fail to conform to the listing regulations. This initiative will start on April 1. The SEC is also considering a revamp of its listing rules to elevate the quality of listed companies by…

  • Business News

    Promising future for Thai SET in healthcare, tourism, food sectors

    Despite the slow recovery of the Stock Exchange of Thailand (SET) from last year’s significant slump, executives see a promising future in healthcare, tourism, and food stocks. They believe these sectors can offer attractive opportunities for investors and encourage more companies to enlist on the bourse. Manpong Senanarong, SET Senior Executive Vice-President and head of the Issuer and Listing Division,…

  • Business News

    Free visa policy to boost Thai tourism stocks amid Chinese arrivals

    An agreement for a free visa policy between Thailand and China is set to greatly boost seven Thai tourism-related stocks, as projected by brokerages. This policy, signed earlier this week, is anticipated to cause a significant uptick in Chinese arrivals in Thailand this year. The Tourism Authority of Thailand (TAT) set a target of attracting 8.2 million Chinese tourists in…

  • Business News

    SET index may drop below 1,300 due to digital wallet handout

    The Stock Exchange of Thailand (SET) index could potentially plummet below the 1,300-point mark this year, warns the CEO of One Asset Management (ONEAM), Pote Harinasuta. This alarming projection is associated with the government’s proposed digital wallet handout which could result in Thailand’s credit rating being downgraded and a subsequent hike in corporate borrowing costs. Key factors that could influence…

  • Business News

    Bitcoin plunges 20% following launch of US Bitcoin ETFs

    Bitcoin, the world’s leading digital currency, has seen a sharp decline of nearly 20% since January 11. This follows the launch of the inaugural Exchange-Traded Funds (ETFs) that invest directly in Bitcoin. The downturn has been attributed to increased caution among investors regarding the potential effects of these new financial products. On the day of the ETFs’ launch, Bitcoin soared…

  • Business News

    SEC enhances high-yield bond oversight amid Thai market instabilities

    The Securities and Exchange Commission (SEC) is enhancing oversight measures for high-yield bonds to fortify payment protections and investor assurance, according to remarks made by SEC Secretary-General Pornanong Budsaratragoon. This move comes in response to recent market instabilities caused by numerous defaults and a significant accounting scandal in the speculative debt sector. As part of this heightened vigilance, the SEC…

  • Business News

    Bitcoin plunges to lowest value since mid-December amid dwindling ETF hype

    Bitcoin, the world’s largest digital asset, plunged to its lowest value since mid-December as the speculative demand driven by hype over new Exchange-Traded Funds (ETFs) has waned. This has left the cryptocurrency in negative territory since the beginning of 2024. The asset briefly hovered around US$40,000 before settling at US$40,843 as of 11.40am on Friday in Singapore, marking a 4%…

  • Business News

    Thai retail investors now unrestricted in real estate, infrastructure-backed ICOs

    Retail investors in Thailand will no longer face restrictions on investment in real estate and infrastructure-backed initial coin offerings (ICOs), according to an announcement by the Securities and Exchange Commission (SEC). The change, effective from January 16, was made to encourage technology use for fundraising and to support sustainable capital market growth and the digital economy’s development. The SEC’s role,…

  • Business News

    SEC allows securities firms to offer spot Bitcoin ETFs to elite investors

    The Securities and Exchange Commission (SEC) is in the process of permitting securities firms to offer spot Bitcoin Exchange-Traded Funds (ETFs) trading to institutional and high net worth (HNW) investors. The information became public when InnovestX Securities, a unit of SCB X Group, announced on its website that it had recently discussed the matter with the SEC and obtained approval…

  • Business News

    Thai SEC unmoved by US Bitcoin ETFs approval

    The Securities and Exchange Commission (SEC) of Thailand stated that it is not currently considering the possibility of permitting asset management firms to launch Bitcoin Exchange-Traded Funds (ETFs) in the country. This comes in the wake of the United States SEC endorsing the establishment of 11 Bitcoin ETFs the previous week. On January 11, rule changes were approved by the…

  • Business News

    Optimism for Thai stock exchange rebound despite US economic downturn

    InnovestX Securities, part of the SCB X Group, expressed optimism about the rebound potential of the Stock Exchange of Thailand (SET) index. The company predicts the index could approach 1,700 points this year, driven by stabilising global interest rates and domestic economic stimulation efforts. The first quarter of 2024, however, could be marked by volatility, with possible economic downturns in…

  • Business News

    SET foresees market recovery with return of foreign investment

    The Stock Exchange of Thailand (SET) anticipates a recovery in return on investment this year, mirroring trends in regional markets due to an influx of foreign capital since 2023’s final quarter. Last year, foreign investors sold off Thai stocks amounting to US$5.51 billion, contrasting with 2022’s net purchase of US$5.96 billion. Nevertheless, foreign long-term investors held steady, owning around 30%…

  • Business News

    Krungsri Capital advises investment in 11 high-dividend Thai stocks

    Investors have been advised by Krungsri Capital Securities (KCS) to consider purchasing shares from 11 high-dividend (HD) stocks, which are projected to yield over 2% annually. This move is expected to result in increased capital gains from their investments in the initial two months of each year. These HD stocks have historically outperformed the broader Stock Exchange of Thailand (SET)…

  • Business News

    US set for decisive week on Bitcoin ETFs

    The final phase of a multi-year endeavour to introduce Bitcoin-backed exchange-traded funds (ETFs) in the United States is set to climax this week, faced with a series of crucial deadlines. Bloomberg News reports that all aspiring Bitcoin ETF issuers have until today, January 8, in Washington to present any late amendments to their pending applications. Moreover, the US Securities and…

  • Business News

    Thailand’s SET index forecasted to rise due to return of foreign investments

    Asia Plus Securities (ASPS) forecasted a potential rise in the Stock Exchange of Thailand (SET) index to the 1,500-point level by year’s end, up from approximately 1,380 points last month. This optimistic prediction stems from the expected return on foreign investments and the impact of the recently approved Thailand ESG Fund (TESG) on trading. ASPS anticipates the index to climb…

  • Business News

    Thai stock exchange under SEC review for high-frequency trading programs’ suitability

    The Stock Exchange of Thailand (SET) has been requested by the Securities and Exchange Commission (SEC) to carry out a comprehensive review of the use of trading programs, including high-frequency trading (HFT). This initiative has been launched to assess the current trading volumes and their suitability for the Thai stock market. SEC’s secretary-general, Pornanong Budsaratragoon, revealed in a Bangkok Post…

  • Business News

    Thai stock exchange investigates potential naked short selling offences

    A specialised committee has been established by the Stock Exchange of Thailand (SET), designed to delve into the issue of naked short selling. The team will comprise representatives from the Korea Exchange and Nasdaq stock exchange in the US, brought in to aid Thai regulators in their investigation into potential offences. The committee’s work is slated to commence imminently, as…

  • Business News

    SET falls as Thai government’s new policies fail to convince investors

    The Stock Exchange of Thailand (SET) experienced a slight decline yesterday as the newly elected government‘s policy statement failed to impress investors. Analysts have raised concerns about the lack of specific timelines and the feasibility of implementing these policies. The Srettha Thavisin administration’s key policies include a 10,000 baht digital wallet to stimulate domestic demand, energy price reductions, tourism promotion,…

  • Thailand News

    Chiang Mai University launches Builds platform to boost student entrepreneurship

    Chiang Mai University (CMU), in collaboration with the Stock Exchange of Thailand, has unveiled an entrepreneurial platform named “Builds”. This initiative is designed to assist students in transforming their research projects into profitable enterprises. Pongruk Sribanditmongkol, a CMU rector, expressed the institution’s ambitions to become an entrepreneurial hub, aiming to bolster its economic contribution to 60 billion baht within the…

  • Business News

    Media meltdown: JKN global struggles as shares drop amid debenture dilemma

    JKN Global Media Plc’s shares plummeted to 1.67 baht during early trade as the company acknowledged its inability to fully repay the 609 million baht debenture due that day. This debenture is part of a seven-series set, totaling 3.36 billion baht. After the disclosure on the Stock Exchange of Thailand (SET), JKN Global Media’s shares tumbled by 29.8%, a drop…

  • Business News

    Bangkok property developers anticipate economic rebound

    Bangkok-based property developers on the Stock Exchange of Thailand are optimistic about an economic bounce back in the latter half of the year, expecting it to help meet their annual performance targets after a subdued start to the year. Property Perfect Plc., under the management of Wongsakorn Prasitvipat, is set to launch nine fresh housing ventures in the second half.…

  • Business News

    Thailand’s baht leads Asian currency downturn amid China’s economic worry

    Asian currencies experienced a downturn yesterday, led by Thailand‘s baht, as concerns heighten surrounding the recovery status of the global economy’s second-largest player, China. The baht plunged by a substantial 0.8%, marking it as the largest depreciation against the US dollar in half a dozen weeks. Across the waters of offshore markets yesterday afternoon, it was changing hands at approximately…

  • Business News

    Fashion-forward: Jaspal gears up for IPO, set to make a stylish debut on stock exchange

    Bangkok-based ready-to-wear fashion company Jaspal is preparing for an initial public offering (IPO) on the Stock Exchange of Thailand (SET) as it seeks funding to further develop its fashion and lifestyle ventures. Jaspal recently submitted a proposal for the listing, offering up to 156 million shares, representing no more than 26% of the firm’s paid-up capital, to the Securities and…

  • Business News

    TBN shares surge 144% on MAI debut, SET issues cautionary note

    The Market for Alternative Investment (MAI) saw the debut of TBN Corporation shares on Monday, leading the Stock Exchange of Thailand (SET) to issue a cautionary note to investors in light of high trading speculation. Yesterday morning, TBN shares experienced a trading turnover ratio of 85%, reaching 41.5 baht by midday. The 144% increase was up from the initial public…

  • Business News

    Delta Electronics shares plunge 20%, triggering 1% drop in Thai Stock Exchange

    Delta Electronics saw its shares plummet by approximately 20% recently, negatively impacting the Stock Exchange of Thailand (SET) after the implementation of market surveillance measures due to irregular price increases. Analysts from Krungsri Capital Securities (KCS) and Maybank Securities identified the primary cause of the 1% drop in the SET index as Delta’s share price decline, as the electronics parts…

  • Business News

    PSP Specialties plans IPO on Thai stock exchange for growth boost

    Thailand’s leading lubricant producer, PSP Specialties Plc, is preparing for an initial public offering (IPO) to boost its business growth. The company plans to offer 350 million shares, approximately 25% of its total shares, on the Stock Exchange of Thailand. The price per share is yet to be determined, with a roadshow in the works to promote the company. CGS…

  • Business News

    Stock exchange warns investors: Tread carefully on OTO shares

    Following irregular trading of One to One Contacts Plc (OTO) shares, the Stock Exchange of Thailand (SET) issued a warning for investors to be cautious and examine information thoroughly. OTO, which offers outsourced contact centre services to government agencies and corporations, faced a spike in trading volume, mainly concentrated among a few investors. Previously placed under the Level 1 trading regulations…

  • Business News

    Stark faces 23 billion baht arbitration dispute with German firms Leoni AG

    Stark Corporation, a SET-listed company, is facing an arbitration dispute with German firms Leoni AG and Leoni Bordnetz-Systeme GmbH. The German firms are claiming 608 million euros (23 billion baht) from Stark, alleging a breach of their sales and purchase agreement, Bangkok Post reported. According to a filing to the Stock Exchange of Thailand yesterday, the case refers to Stark’s exercise of…

  • World News

    Gunmen attack Pakistan stock exchange

    Militants have allegedly opened fire at the Pakistan Stock Exchange this morning, which reportedly left three people dead. Pakistan police have declared the incident a terrorist attack as two security guards and a policeman was killed along with the four gunmen, who police reportedly shot down. Inside the stock exchange, broker Yaqub Memon said he and others were huddled inside…

  • Covid-19 News

    World financial markets take stock of record losses

    Global stock and oil markets plunged around the world yesterday (Wednesday) as enormous sums of stimulus, thrown at fragile economies, failed to offset concerns that the worsening Covid-19 coronavirus pandemic will tip the global economy into recession. The Dow Jones Industrial Average was hit by more brutal losses to finish below the 20,000-point level for the first time since 2017.…

  • Thailand News

    Thai stock exchange pulls 30 minute circuit breaker

    The Stock Exchange of Thailand (SET) had pulled a 30 minute “circuit breaker” to suspend trade between 9:59 and 10:29am leading to a fall at 11am, when the SET fell by 78.95 points, or 7.08%, to 1,035.96. Foreign investors made net sales of 1.929 billion baht in the stock market and 13.646 billion in the bond market. Most global stock…