ID :
192731
Mon, 07/04/2011 - 12:16
Auther :
Shortlink :
http://m.oananews.org//node/192731
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Thai stock prices surge after new election
BANGKOK, July 4 (TNA) - The Stock Exchange of Thailand (SET) composite index surged once the Thai bourse opened Monday morning, boosted by investors' bullish sentiment following the country's successful general election.
The SET index soared to 1,078.26, or 36.78 points or 3.48 per cent, after trading re-started from its weekend pause, before closing its morning session at 1,084.28, up 42.80 points or 4.11 per cent, with a total turnover of 36.41 billion baht.
Phatthrira Dilokthiraphop, President of Thailand's Association of Securities Companies, said that the Thai stock prices surge had reflected investors' welcome to Sunday's election results--in which the Pheu Thai Party won a landslide securing its majority 265 seats in the 480-seat Thai House of Representatives, showing a stable newly-elected Thai government.
Phatthrira acknowledged, however, that investors are apparently waiting for the new Thai government's announcement of its new council of economic ministers and economic team, as it will have psychological impacts on international investors in the long run. Phatthrira, therefore, urged the newly-elected Thai administration to quickly appoint its new economic team and officially announce its economic policies.
Meanwhile, stock prices of Thai listed firms associated with the Shinawatra family, including those of SC Asset, Advanced Info Service (AIS) and MLINK, remarkably climbed up by 13.14, 4.81 and 22.03 per cent, to 15.50 baht, 109 baht and 2.16 baht per share respectively. (TNA)
The SET index soared to 1,078.26, or 36.78 points or 3.48 per cent, after trading re-started from its weekend pause, before closing its morning session at 1,084.28, up 42.80 points or 4.11 per cent, with a total turnover of 36.41 billion baht.
Phatthrira Dilokthiraphop, President of Thailand's Association of Securities Companies, said that the Thai stock prices surge had reflected investors' welcome to Sunday's election results--in which the Pheu Thai Party won a landslide securing its majority 265 seats in the 480-seat Thai House of Representatives, showing a stable newly-elected Thai government.
Phatthrira acknowledged, however, that investors are apparently waiting for the new Thai government's announcement of its new council of economic ministers and economic team, as it will have psychological impacts on international investors in the long run. Phatthrira, therefore, urged the newly-elected Thai administration to quickly appoint its new economic team and officially announce its economic policies.
Meanwhile, stock prices of Thai listed firms associated with the Shinawatra family, including those of SC Asset, Advanced Info Service (AIS) and MLINK, remarkably climbed up by 13.14, 4.81 and 22.03 per cent, to 15.50 baht, 109 baht and 2.16 baht per share respectively. (TNA)
