The Stock Exchange of Thailand (SET)’s “SET in the City 2010” received great attention from investors. 130,000 participants joined the four-day event, with 18,500 transactions made worth over THB two billion (approx. USD70 million), while the highest number of transactions went to LTF.
“Investors and the general public came to receive information on investments and make transactions, achieving its objectives. There were 18,500 transactions with THB2.16 billion (approx. USD72.16 million) of investment capital, a 65% monetary rise over 2009. As many as 60% of participants had never attended a “SET in the City” event before. Moreover, the most popular activity was the seminars in different topics, with the over 10,000 of participants being most interested about economic forecasts and investment products,” revealed SET President Charamporn Jotikasthira. This fair was held at Siam Paragon shopping mall during November 18-21.
“The success of this event is an indicator that investors have more confidence in the Thai economy recovery, including an increase in SET Index. Therefore, investors had turned their interest from looking for information on saving to seeking higher returns from the many alternatives available. Moreover, as we are almost at year-end, savers are very interested in funds that have tax incentives. Mutual funds received more attention that other investment products, with a total of 9,796 transactions. The most popular types of funds had tax savings built-in: Long-Term Equity Funds (LTFs), with 5,046 investors purchasing THB586 million worth of units, followed by Retirement Mutual Funds (RMFs), with 3,277 persons buying units worth a total of THB487 million. Bond mutual funds attracted 529 investors into buying units worth a total of THB425 million,” said Mr. Charamporn.
New accounts opened included over 5,000 equity accounts; over1,300 derivatives and gold futures accounts; over 1,000 gold accounts, and over 500 insurance accounts, including unit-linked products, receiving greater attention than last year.
“SET in the City 2010 was successful because it helped investors and the general public prudently benefit from Thailand’s economic recovery. It also enabled listed, securities, and asset management companies to meet with investors face-to-face. The event helped expand the investor base and build quality investors, resulting in a stronger capital market,” concluded Mr. Charamporn.
A SET survey of exhibitors, i.e., financial and capital market organizations in both the private and public sectors, and listed companies, of over 90 organizations in total, showed that they were satisfied with the results from this event. This year, SET in the City helped response to the needs of investors, the general public and all market participants.
