Jarumporn expects SET to be more stable in 2nd half of 2013


BANGKOK, 24 July 2013 Stock Exchange of Thailand (SET) President Jarumporn Chotikasatien expects the stock market to be more stable in the second half than the first half of 2013, while predicting that SET will have at least 30 percent rise in the number of new accounts. 

SET president Jarumporn Chotikasatien says SET will see a 30 percent increase year on year in its newly-registered accounts. He expects the stock market to be lively as the gold market slows down.

He also says that the stock exchange market in the latter half will be more stable as money will flow in and out at a gradual pace, while urging investors to be cautious when making investments.

The president further revealed that SET was somewhat successful in the first half of 2013 despite fluctuation in money influx and efflux, adding that the total value of stocks traded each day in the first half was 90 percent higher than the figure last year, standing at 61.4 billion baht per day. The trade value per day was higher than any other stock markets in the region.