Thai shares stop bleeding
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After a 7-day losing streak, the Stock Exchange of Thailand ended the bleeding today with a slight gain of 1.26 per cent.
At the close, the index gained 18.46 points to end the day at 1,480.20 on turnover of Bt63.5 billion.
Elsewhere, European stock markets fell as oil prices extended their losses to fresh five-and-a-half-year lows, while the Russian ruble rebounded a bit after its recent plunge against the dollar. As investors wait the outcome of a Federal Reserve policy meeting, Asian markets were mixed today.
The Thai market has lost by over 100 points from 1599.82 points on November 27. Yet, it has gained by over 20 per cent from the end-2013 closing of 1,298.71 points.
According to Tisco Securities, Thailand's exchange remains the third best performer in this year, after Shanghai and India, considering the year-to-date gains.
Year-to-date performance
Shanghai SE Composite + 36 %
Sensex INDIA + 32 %
SET Index + 25 %
Indonesia & Philippines + 17 %
NASDAQ + 12 %
S&P 500 + 10 %
Dow Jones , NIKKEI & Hang Seng China Enterprise + 8 %
DAX , Euro STOXX 50 & Taiwan + 5 %
Hang Seng + 3 % , KOSPI + 1 %
Malaysia – 4 % , Greece – 16 % & Cyprus – 22 %
Note: As of December 16, 2014
Source: Tisco Securities
