ID :
112514
Fri, 03/19/2010 - 09:15
Auther :
Shortlink :
http://m.oananews.org//node/112514
The shortlink copeid
SET rally stems from capital inflow and easing of political concern
BANGKOK,, Mar 19 (TNA) – The continued rally by the Stock Exchange of Thailand (SET)’s composite index results from the foreign capital inflow and the easing of investor concerns over the political standoff, according to a leading fund manager.
Asset Plus senior fund manager Win Udomrachtavanich said the SET rally had benefited the company’s equity funds, particularly ASP-Smart Series and ASP-Smart Series 2 Open-End Funds.
He said the SET index is expected to continue to rally, boosted by the foreign capital inflow, the improved operating performances of listed companies, particularly in the banking and energy sectors, and announcement of dividend payments this month and next month.
In addition, the government has come up with clear measures to cope with the investment suspension in the Map Ta Phut industrial estate, Mr Win said.
Given these factors, he believed the Thai stock market remains attractive for investment. (TNA)
Asset Plus senior fund manager Win Udomrachtavanich said the SET rally had benefited the company’s equity funds, particularly ASP-Smart Series and ASP-Smart Series 2 Open-End Funds.
He said the SET index is expected to continue to rally, boosted by the foreign capital inflow, the improved operating performances of listed companies, particularly in the banking and energy sectors, and announcement of dividend payments this month and next month.
In addition, the government has come up with clear measures to cope with the investment suspension in the Map Ta Phut industrial estate, Mr Win said.
Given these factors, he believed the Thai stock market remains attractive for investment. (TNA)
