Fri, November 26, 2021

business

SET boosted by Thailand's latest credit rating: Deputy PM


The Stock Exchange of Thailand (SET) rose back above 1,400 points on Monday after investors were buoyed by Standard & Poor (S&P)’s decision to keep Thailand’s sovereign credit rating at BBB+, Deputy Prime Minister and Energy Minister Supattanapong Punmeechaow said on Monday.

Improvement in the domestic political situation had also boosted the SET, he said, adding that investors would gain more confidence if the turmoil ends peacefully.

The SET Index closed at 1,420.43 on Monday, up 31.09 points or 2.24 per cent. Total transactions amounted to Bt105 billion with an index high of 1,422.43 and a low of 1,395.58.

However, he said the government should postpone reducing the Covid-19 self-isolation period from 14 days to 10 days until the end of this year because of the surge in cases abroad.

Thais should compensate for the lack of foreign tourists by travelling more within the country, he added.

 

Published : November 23, 2020

By : The Nation