SET finishes year up 26% from 2006
Nuntawun Polkuamdee of The Bangkok Post reports The Stock Exchange of Thailand ended its final day of trade for 2007 at 858.1 points, with Thai stocks posting a 26.22% gain for 2007.
The smaller Market for Alternative Investment posted even stronger gains, rising 40.81% over the year to close at 272.37 points.
Foreign investors were net buyers of 55 billion baht worth of securities in 2007 and accounted for one-third of daily turnover. Local institutional investors, net buyers of 2.16 billion baht worth of stocks, accounted for 14.5% of daily turnover, while retail investors represented 52.5% of total trade.
The chairman of the Association of Securities Companies, Kampanart Lohacharoenvanich, said 2008 should be even more volatile for the Thai market, given risk factors such as US sub-prime mortgage crisis, high global oil prices and the US presidential elections, while local concerns include uncertainties about the new government and its policies, and tougher market regulation under the recently amended SEC Act.
Choppy times ahead.
http://www.bangkokpost.com/291207_Business/29Dec2007_biz23.php
Posted: January 4th, 2008 under Economic News.
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