Thailand's SET Index Closes At 1,407 Points Due To Agreement Preventing Fiscal Cliff

The Stock Exchange of Thailand's (SET) main stock index (SET Index) closed up 15.52 points, or 1.11 percent, at 1,407.45 points today, a new high in the past 16 years and eleven months, or since February 7, 1996. The increase is in the same range as that of global main indices, which rose 1-3 percent.

SET President Charamporn Jotikasthira said the rise of the SET Index was supported by today’s positive news that the U.S. Senate and House of Representatives had approved a deal to prevent the country from falling off a so-called fiscal cliff and into recession. In addition, the China manufacturing index indicates a global recovery.

SET Index has increased 37 percent from the beginning of 2012, with a price/earnings ratio of 18.25 times. Therefore, investors should continue to closely monitor the situation and evaluate analyses from various parties for trends and factors to consider before investing.