BANGKOK, 12 July 2012 – Thai stock index in the first half of this year came in number 3 in Southeast Asia, with an average sale of 30 billion baht per day, the highest in ASEAN.
Stock Exchange of Thailand (SET) President Charumporn Jotikasathira (จรัมพร โชติกเสถียร) has revealed the first-half overall result of the SET has been a success although the value of market cap of newly-registered companies was only at 44.6 billion baht, compared to the anticipated 120 billion baht for the whole year.
Mr. Charumporn added that right now there are 11 companies waiting to register in the system in the latter half of 2012 which could build the market cap of over 20 billion baht.
Besides, 15 more companies and basic infrastructure project funds are still waiting to be registered as well. They are currently in the process of improving criteria in order to match with those required for holding companies. If all goes according to plans, the Thai stock trading in the latter half of 2012 will be at 30 billion baht per day.
However, Mr. Charumporn admitted that there are still risks in the second half following the Euro-zone debt crisis, and investors are now turning to purchasing US bonds to diversify risks.