The Stock Exchange of Thailand (SET) main index responded today in the same way as those of global exchanges, declining mainly due to the forecasted US economic slowdown and the public debt crisis in Europe, SET President Charamporn Jotikasthira noted. He advised that investors should closely monitor the situation and analyst views as well as have a properly-diversified investment portfolio.
If global economic downturn prolongs, it should have less negative impact on the SET compared to other exchanges because of the strong fundamentals of the exchange with the outstanding performance of Thai listed firms, and attractive dividend yields compared to the region’s. Today the SET Index dropped 2.73%, while global exchanges dropped 1-5%.