stock market

  • GuidesMicro account: Why use demo when you can trade with only ?

    Micro account: Why use demo when you can trade with only $1?

    TradingPRO, an established international broker, opens the doors to traders of all experience types through its popular Micro Account by offering access to the global markets with as little as a $1 deposit. Founded in 2017, the company introduces an account type that is designed to cater to the needs of beginner and seasoned traders who are looking for an…

  • Business NewsTenzing Pacific Services predicts market’s ‘positive momentum’ to continue

    Tenzing Pacific Services predicts market’s ‘positive momentum’ to continue

    Tenzing Pacific Services is anticipating positive stock market momentum to carry through to the end of 2024 despite volatility and share performance dispersion. Tenzing Pacific Services, a health, life, and business insurance and investment company, saw June as a mixed bag when it came to growth. This is in large part due to the market’s performance not necessarily correlating with…

  • Business NewsForeign funds return to Thai stocks amid Fed rate cuts

    Foreign funds return to Thai stocks amid Fed rate cuts

    Foreign fund inflows show signs of returning to the Thai stock market in the second half of 2024, driven by the anticipated US Federal Reserve interest rate cut, a rebounding Thai economy, and the financial results of listed companies. Soraphol Tulayasathien, Senior Executive Vice-President, highlighted that developing countries are experiencing increased production capacity for exports, signalling a global economic recovery.…

  • Business NewsUS equity funds attract record inflows amid Thai market decline

    US equity funds attract record inflows amid Thai market decline

    US equity funds have seen the largest inflows this year, spurred by the US economic recovery and expectations of interest rate cuts, while mutual fund investments in Thai stocks have dropped by nearly 10 billion baht, according to Morningstar Research (Thailand). Nearly 7.8 billion baht has been invested in US equity funds this year, marking a 5.04% increase from 2023,…

  • Business NewsThai stocks hit 4-year low amid political turmoil and court cases

    Thai stocks hit 4-year low amid political turmoil and court cases

    Prime Minister Srettha Thavisin acknowledged today that the ongoing political turmoil is likely impacting the stock market, which dropped to a four-year low yesterday. Analysts pointed to three major court cases affecting the Thai political scene as a primary reason for investor anxiety. “This is about stock market sentiment,” Srettha commented, noting that the individuals involved in these cases, including…

  • Business NewsSET unveils plan to boost foreign and family business investments

    SET unveils plan to boost foreign and family business investments

    The Stock Exchange of Thailand (SET) unveiled a strategic business plan targeting foreign industries operating in Thailand and family businesses, aiming to boost market capitalisation. SET executives highlighted the shift in investment trends, particularly post-pandemic, with technology stocks rising as traditional businesses adapt to the digital age. SET officials noted that the Thai market has faced trust and confidence issues…

  • Business NewsPolitical uncertainty may drag SET index lower, say analysts

    Political uncertainty may drag SET index lower, say analysts

    Political uncertainty is poised to weigh heavily on the Stock Exchange of Thailand (SET) throughout June, with three legal proceedings involving Prime Minister Srettha Thavisin, former premier Thaksin Shinawatra, and the opposition Move Forward Party (MFP) expected to push the index lower than anticipated, analysts report. CGS International (Thailand), a subsidiary of China Galaxy Securities, revised its year-end SET index…

  • Business NewsThai stock market poised for upward surge after rocky start

    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…

  • Press RoomTradingPRO: Building on an award-winning legacy

    TradingPRO: Building on an award-winning legacy

    TradingPRO entered the financial services space in 2017, with a single goal in mind: to provide the best experience to traders, regardless of their knowledge of the financial markets or investing potential. With established offices in Asia and Nigeria and imminent expansion plans in Mexico, TradingPRO’s trajectory underscores its commitment to penetrating diverse markets. Its strategic imperative revolves around bolstering…

  • Business NewsThai stock market rebounds amid renewed investor confidence

    Thai stock market rebounds amid renewed investor confidence

    The Thai stock market made a strong comeback yesterday, experiencing a rise of approximately 1.3%. This resurgence was mirrored in other regional markets which also bounced back from significant losses incurred on Friday. Investors are seemingly reassured by the belief that a full-scale war in the Middle East is unlikely. This sentiment was further bolstered by the decision of the…

  • Business NewsBitcoin rebounds amid Middle East military escalation uncertainty

    Bitcoin rebounds amid Middle East military escalation uncertainty

    Bitcoin, the largest cryptocurrency, recently bounced back from its steepest drop in over a year, marking the beginning of potential volatility across asset markets as investors grapple with the looming prospect of a military escalation in the Middle East. Bitcoin yesterday rose by a maximum of 5.9% and was traded at around US$64,600 as of 11.40am in London. Smaller cryptocurrencies…

  • Business NewsThai stocks shed by foreign investors amidst delayed US rate cuts

    Thai stocks shed by foreign investors amidst delayed US rate cuts

    The Stock Exchange of Thailand (SET) reported that foreign investors offloaded Thai stocks to the tune of 68.9 billion baht (US$ 2 billion) in the first quarter, with 41.2 billion sold in March alone. This trend is linked to the delayed US interest rate cuts, weaker financial performance of Thai companies compared to those on other exchanges, and overall economic…

  • Business NewsForeign funds return to SET amid Federal Reserve expectations

    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 NewsThailand intensifies crackdown on illegal short selling

    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…

  • Thailand NewsBeauty pageant stock’s overvaluation concerns

    Beauty pageant stock’s overvaluation concerns

    The once-dazzling rally of Miss Grand International Plc (MGI), a beauty pageant organiser, appears to be losing its shimmer as concerns loom large over its increasingly stretched valuation. Since its inception in mid-December at 4.95 baht apiece, the stock catapulted by over 900%, ranking as the second-best performer among new listings in the Asia Pacific region over the past three…

  • Business NewsThai stock exchange to tighten short sales and program trading rules

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

    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 NewsSET anticipates Oliver Wyman’s report on Thailand’s securities trading

    SET anticipates Oliver Wyman’s report on Thailand’s securities trading

    The Stock Exchange of Thailand (SET) anticipates an imminent report from international consultant Oliver Wyman. The report, expected to be completed in the first week of February, focuses on the suitability of Thailand’s securities trading programs and the prevention of naked short selling. This initiative, led by SET President Pakorn Peetathawatchai, follows investigations into four alleged instances of naked short…

  • Business NewsSEC enhances high-yield bond oversight amid Thai market instabilities

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

    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 NewsZipmex risks losing license over liquidity issues and inadequate management

    Zipmex risks losing license over liquidity issues and inadequate management

    Zipmex, a digital asset exchange operator, is facing a potential revocation of its business licence from the Securities and Exchange Commission (SEC) if it fails to resolve its liquidity problem within a fortnight. This issue arises as the company’s capital fund has fallen below the regulator’s minimum standards. The SEC board urged Zipmex to overhaul its operations, blaming the company’s…

  • Business NewsKrungsri Capital advises investment in 11 high-dividend Thai stocks

    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 NewsThai stock market could sink below 1,300 amid foreign investor exodus

    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 NewsSarath Ratanavadi remains wealthiest shareholder in Thai market for fifth year

    Sarath Ratanavadi remains wealthiest shareholder in Thai market for fifth year

    For the fifth year running, Gulf Energy Development Plc‘s Chief Executive, Sarath Ratanavadi, tops the list as the wealthiest shareholder in the Thai capital market. Despite a 12.9% dip from the previous year, his shares were valued at a whopping 190 billion baht, according to a recent survey. The annual assessment, a joint effort between Money & Banking magazine and…

  • Business NewsNo evidence of naked short selling in Thai stock market, says ASCO

    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 NewsThai stock market hit by short selling amid falling figures

    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 NewsNew ESG fund could boost Thai stocks by up to 70 billion baht

    New ESG fund could boost Thai stocks by up to 70 billion baht

    Analysts predict that a forthcoming environmental, social and governance (ESG) fund could draw investments of between 20 and 70 billion baht into 114 stocks listed on the Stock Exchange of Thailand’s (SET) ESG index this year. The long-term savings fund, which is set to be established later this year, will be focused on investing in domestic ESG stocks and bonds.…

  • Business NewsPotential slump for Thai stock market due to digital wallet scheme delay

    Potential slump for Thai stock market due to digital wallet scheme delay

    The Thai stock market is facing a potential slump this month, following a 6.1% drop in October and a 17.2% decline year-to-date, due to potential delays to a significant digital wallet scheme and a slower-than-anticipated recovery in the tourism sector. Such concerns are sparking significant investor anxiety, according to industry analysts. Sompong Benjathepanan, the assistant managing director at AIRA Securities,…

  • Business NewsStock market fraud: SEC intensifies efforts to restore investor trust

    Stock market fraud: SEC intensifies efforts to restore investor trust

    The Securities and Exchange Commission (SEC) is set to fortify its efforts in battling stock market fraud and intensifying its monitoring of publicly traded firms, in a bid to re-establish investor trust. The Commission acknowledged the proliferation of fraud incidents has led to a considerable erosion of confidence among stock investors. Regular offences include insider trading and stock price manipulation.…

  • Business NewsThai stock exchange rises 1.5% but investors remain cautious

    Thai stock exchange rises 1.5% but investors remain cautious

    The Stock Exchange of Thailand (SET) experienced a 1.5% rise on October 11, attracting foreign investors who bought almost 3 billion baht (US$82,648,050) in stocks. Despite this, seasoned investor 50 year old Watchara Kaewsawang, exhibited caution about re-entering the market, citing the recent increase as a short-lived technical rebound following a series of downturns. Watchara acknowledged that his trading activity…