Pattaya Daily News

15 April 2008 :: 08:04:34 am 3874

Investment in Thai Stocks up 64% Since January

Increased investor confidence plus greater transparency in politics and governmental measures to stimulate the domestic economy have helped investment on the Stock Exchange of Thailand (SET) to soar 63.7 per cent during the first three-and-a-half-months this year compared to the corresponding period of 2007, SET president Patareeya Benjapolchai said.
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Bangkok, the 17th of April 2008 [TNA]: Mrs. Patareeya said an average daily trading on the SET during the period totaled about Bt19.12 billion compared to Bt11.68 billion in the same period of 2007, an increase of 63.7 per cent.

The sharp increase was, according to Mrs. Patareeya, attributed to the gaining of confidence by investors, especially local investors, as local politics has become clearer following the general election last December, and the succeeding government’s measures to stimulate Thailand’s economy.

A decision by the Election Commission to dissolve two parties in the coalition government on charges of fraud during the last general election and its proposals are now being considered by the Constitution Court has dampened investor confidence to a certain extent, she said.

However, there are still positive factors, including the current roadshows by Deputy Prime Minister and Finance Minister Surapong Suebwonglee to persuade investors in Britain and the US to invest in the Thai bourse.

Mrs. Patareeya said a plan by Esso (Thailand) to start trading on the Thai bourse later this month would activate the market because of its large market capitalisation. (TNA)

Reporter : Methawee   Photo : Internet   Category : Business News

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