Indonesian stock market a major competitor to Thai SET

[webfact]

Indonesian stock market a major competitor to Thai SET

BANGKOK, 16 February 2016 (NNT) - The Stock Exchange of Thailand (SET) has claimed that the Indonesia Stock Exchange (IDX) has become a prominent competitor.

SET Senior Executive Vice President and Head of the Sustainable Development Division Bordin Unakul said during his visit to the archipelago that the stock market in Indonesia has shown significant growth. Rigorous consumer spending and government investments in tourism and infrastructure contributed to a stock market growth of 5% last year.

Mr. Bordin revealed that the total value of the IDX was recorded at 12 trillion baht, despite there being only 524 companies listed on the market, compared to the 600 companies on the SET.

The SET Senior Executive Vice President further stated that there is more room for the IDX to grow, given the 100,000 private companies currently operating in the country.

There are also only 430,000 investors in the stock market, from a population of 250 million. The first 20 companies showing rapid growth in the stock market account for 62% of the total market value. They mostly consist of banks and manufacturers of household goods.


-- NNT 2016-02-16

[momtaz]

Anyone of you traded there guys?

trade via Thai broker? interesting to hear some comments,

Regards