Thai Police Bust Multi-Million Baht Sex Toy Smuggling Ring

[webfact]

Thailand's SET enjoys best Q3 performance in region

BANGKOK, Oct 14 – The Stock Exchange of Thailand (SET) composite index in the third quarter of this year closed at 975.30 points, up 22.32 per cent from the second quarter, the highest among the region's stock markets, according to Yanyong Thaicharoen, director of the SET Research Institute for Capital Markets.

He said the index has surged by 32.78 per cent since the end of 2009 due to the continued foreign capital inflows into the Thai stock market and other bourses in the region.

The capital influx was a result of the still high liquidity in the global financial market, debt problems facing a group of developed countries, restored investor confidence in the continued recovery of the Thai economy, and the improved political situation in Thailand.

He said the market capitalization of SET and the Market for Alternative Investment (MAI) as of the end of the third quarter surged to Bt7.94 trillion, the highest since SET was established.

It represented 82 per cent of the country’s gross domestic product, the highest since 1996.

The daily trading value of SET and MAI averaged Bt36.14 billion, up 53.82 per cent from the second quarter of this year.

Foreign investors had a net buy of Bt59.99 billion in the third quarter of 2010, resulting in the net buy of Bt41.45 billion in the first nine months of this year. Overall, investors showed greater interest in trading of small- and medium-size securities. (MCOT online news)

-- TNA 2010-10-14

[givenall]

I am glad some are doing well. The tourist industry is hurting. This is supposed to be the high season, but where are the tourists

[midas]

I am glad some are doing well. The tourist industry is hurting. This is supposed to be the high season, but where are the tourists

I read that Chiang Mai is having problems but i thought Phuket was doing ok ?

And in pattaya - always a hive of activity

But isn't ita bit early - Nov is probably a more meaningful start of the tourist season don't you think ?

Edited October 14, 2010 by midas

[lukeskywalker]

The question is, will the SET continue it's upward climb? I want to buy a SET Index Fund that tracks the index and not a particular company. More diversified and can get in and out quickly as it trades like a stock.