BANGKOK, 24 January 2013 – The Stock Exchange of Thailand (SET) has issued warnings for investors after suspecting speculative trading might be at play on the local bourse.
SET President Charamporn Jotikasthira said on Wednesday that securities trade on the Thai market during the first 2 weeks of this year has seen a continued rise of the index, from 1,392 points at the end of December 2012, to more than 1,400 points, at present.
Mr. Charamporn added that daily trade volume on the SET also surged by around 71% from an average of some 30 billion baht to over 50 billion baht.
He said that some securities appeared to be the targets of active speculation, which means that investors should be extra-cautious while trading and keep a close watch on news from listed companies.
The SET President stated that investors may seek assistance and look up for information of any suspected securities by visiting the Thai Exchange’s website, at www.set.or.th