The Market for Alternative Investment (mai), under The Stock Exchange of Thailand (SET), makes all-time highs since it was established in terms of the mai index, market capitalization, fundraising valuation, and number of investment tools used.
The mai has also appointed Noppadon Tansalarak, CEO of Master Ad pcl (MACO), the winner of BEST CEO 2012 for mai-listed firms, to be the member of mai advisory board, joining the existing 11 advisors.
Chanitr Charnchainarong, mai president, said that the mai index hit its all-time high on December 21, 2012 by rising 0.25 percent, or 1.01 points, to 412.58 points. The index has risen 56.14 percent since the beginning of the year, reflecting the strength of mai-listed companies due to their good performances, raising funds for business expansion, and firms’ using tools to boost liquidity continuously; Also, mai’s market capitalization was at a record THB 132 billion, up 71.44 percent from the end of 2011, mostly due to the increase of stock prices and the eight new listings this year.
“During the year to date, mai-listed firms also raised unprecedented amounts of funds, for a total THB 5.39 billion, comprised of THB 2.48 billion from 10 new listed companies and THB 2.91 billion from already-listed firms, as investment tools were very popular this year, with 19 companies using 28 tools, particularly stock dividends and warrants,” Chanitr said.