Stock trading in May contracts by 0.1 percent


BANGKOK, 11 June 2015, The Stock Exchange of Thailand (SET) Research Institute has stated that stock trading last month stood at 1.496.05 points, decreasing by 0.1 percent from the same period last year.

Director of the SET Research Institute Kiattipong Ariyapratya told news media that the figure also represents a 0.2 percent contraction from April. He attributed the drop to the lower-than-expected gross domestic product during the first three months, which was 3.4 percent lower than expected.

Mr. Kiattipong said although listed companies performed close to the SET Research Institute’s prediction, there are still many significant external factors, like the US Federal Reserve adjusting its benchmark rate and the Greece financial crisis.

The director pointed out that local stocks reflected trends in other stock markets in the region.