Thai Set

[robint]

Thai SET dropped over 4% this morning on opening, but rallied later to close -3.3%

check for yourself

http://www.set.or.th/set/marketsummary.do?...&country=US

[naka]

I checked ... Wot now ?

Naka.

[my friend I]

check mate ?

[robint]

on opening yesterday it dropped immediately -4.1% then recovered steadily during the day to close at -3.3%

today has been a steady decline back down to -4.3%

bkk post reported that (new) long term foreign investors cannot open local bank accounts without a work permit and so would not be able to cash their dividend checks - go figure

presume that existing investors already have bank accounts

have you ever tried sending money out of thailand as a small investor??????????????

cu 2mlw

[robint]

oops its happened again

dropped from 648 to 629 in the first half hour again,

recovered to 633

so thats -7% since new year

do we see 625 at cob

[magnusvv]

I could not find it on the site mentioned but what I wanted to see was the performance of the SET across a certain period, like 3 months or 1 month or so. I can do this with google and yahoo finance for indices and stocks but I cant seem to do it for a foreign market like the SET. Is there an easy way to do that?

[robint]

Hi Magnus

I dont know of any free sources that give historical data for SET, you probably have to subsscribe to one of the financial data specialist - try googling

Well it closed at 626.8

so thats 677/628 gives -7.3%

Lets see what nastiness happens over the weekend

[warriors]

Sitting and waiting to buy, when I think the time is right, not yet me thinks

[slimdog]

I could not find it on the site mentioned but what I wanted to see was the performance of the SET across a certain period, like 3 months or 1 month or so. I can do this with google and yahoo finance for indices and stocks but I cant seem to do it for a foreign market like the SET. Is there an easy way to do that?

One good resource is:

http://www.bloomberg.com/apps/cbuilder?ticker1=SET:IND

This will give you a detailed view of the SET for up to the past 5 years. You can also view it for many periods in between eg 1 day, 1 week, 1 month etc Gives a daily opening, closing figures as well as the days highs and lows.

Hope of some use.

[altman]

having lost enough in the us markets during the tech bubble/bust to consider myself an expert, i am now curious as to how i can buy stocks in the set.

i am a foreigner on a tourist visa with a bank account. any difference if i have a type-o retirement?

[WilliamCave]

Any one have a good broaker they could reccomend and have used in the past. My wife is Thai and I would rather use a broaker that some one has experience with.

I could not find it on the site mentioned but what I wanted to see was the performance of the SET across a certain period, like 3 months or 1 month or so. I can do this with google and yahoo finance for indices and stocks but I cant seem to do it for a foreign market like the SET. Is there an easy way to do that?

One good resource is:

http://www.bloomberg.com/apps/cbuilder?ticker1=SET:IND

This will give you a detailed view of the SET for up to the past 5 years. You can also view it for many periods in between eg 1 day, 1 week, 1 month etc Gives a daily opening, closing figures as well as the days highs and lows.

Hope of some use.

[lannarebirth]

I could not find it on the site mentioned but what I wanted to see was the performance of the SET across a certain period, like 3 months or 1 month or so. I can do this with google and yahoo finance for indices and stocks but I cant seem to do it for a foreign market like the SET. Is there an easy way to do that?

Try this:

http://stockcharts.com/h-sc/ui?s=$SET...&a=63054048

And watch for gap fills:

http://stockcharts.com/h-sc/ui?s=$SET...&a=94264086

[robint]

I could not find it on the site mentioned but what I wanted to see was the performance of the SET across a certain period, like 3 months or 1 month or so. I can do this with google and yahoo finance for indices and stocks but I cant seem to do it for a foreign market like the SET. Is there an easy way to do that?

One good resource is:

http://www.bloomberg.com/apps/cbuilder?ticker1=SET:IND

This will give you a detailed view of the SET for up to the past 5 years. You can also view it for many periods in between eg 1 day, 1 week, 1 month etc Gives a daily opening, closing figures as well as the days highs and lows.

Hope of some use.

Many thanks Slim

perhaps this thread will produce some more useful insights

I remember years ago before the finacial crash of 97 it was very difficult to trade as a private flang inthailand. One way round it was to set up an account with one of the commerce banks (Finance One springs to mind, probably went bust and maybe an NPL). They did the trading for you, I believe

[slimdog]

Maybe useful for someone:

http://www.set.or.th/en/info/brokers/directory_p1.html

Also tells you which brokers have online trading services.

[robint]

SET Closed 616

Its -9% down on new year opening 677

The latest 50:50 rule on businesses is bound to makes things worse.

note 150 replies in 1 hour since the news item was posted around 1700 hours today, lot of people riled up already

[PeaceBlondie]

Can we have a contest to guess what next stupid move will cause the SET to fall even further?

[magnusvv]

Thanks for the responses to my question. Looking at those charts helps to show how volatile that market really is.