BANGKOK, 10 December 2013 Thai stocks were volatile throughout the trading day of December 9 on the back of political protests, with the SET Index closing at 1,367.42 points, up 5.85 points, and approximately 23.4 billion baht worth of stocks changing hands.
December 9 was the day Prime Minister Yingluck Shinawatra dissolved the House of Preventatives, resulting in the volatility of the stock market.
Stocks fell during the first half of the day, but the SET Index managed to recover and closed at 1,367.42.
The most traded stocks by value were True Corporation (TRUE), Kasikorn Bank (KBANK), Airports of Thailand (AOT), Advanced Info Service (ADVANC), with Jasmine International (JAS); in that order.
Federation of Thai Capital Market Organisations chairman, Paiboon Nalinthrangkurn, said the stock market’s volatility was due to the country’s current political instability; however, he believed the market would perform better after the Premier’s dissolution of the House, as the move was considered a path towards reconciliation.