The Stock Exchange of Thailand’s (SET) main stock index (SET Index) closed up 13.24 points, or 0.99 percent, at 1,354.57 points today, a new high in the past 16 years and ten months since February 22, 1996, while other Asian main indices rose 0.5-0.8 percent.
SET President Charamporn Jotikasthira said the continued rise of the SET Index has been supported by domestic political stability and external factors, including the recent MSCI review which added four Thai stocks as components of MSCI Global Standard Indices and nine stocks in MSCI Small-Cap Indices, effective end-November. These factors have resulted in continuous net foreign buying since then. Moreover, the market mood has been cheered by improved economic indicators from Europe and the United States, easing global investors’ concerns about U.S. fiscal problems, as well as promoting hopes of more stimulus from the Federal Reserve.
The SET Index has risen 30.8 percent since the start of this year, making it the second best index performer among Asia's main stock markets.
However, investors should continue to closely monitor the situation and evaluate analyses from various parties for trends and factors to consider before investing.
