SET ends year 10.8% down, while trading value up 15.1%
The Stock Exchange of Thailand (SET) Index closed last year at 1,563.88 points, down 10.8 per cent from 12 months earlier, while the average daily trading value of the SET and the Market for Alternative Investment surged 15.1 per cent to Bt57.67 billion during the course of the year.
SET senior executive vice president Soraphol Tulayasathien said on Monday that the SET Index in 2018 had been weighed down by external factors, while Thailand’s economic fundamentals remained robust and economic growth had outpaced the level achieved in the previous year.
Foreign investors’ selling spree in Thai shares was in tandem with most Asian stock markets, he said.
The Thai bourse’s average daily trading value in 2018 rose from the preceding year, with a year-on-year increase in the first three quarters before dropping in the fourth quarter, in line with most Asean markets as investors became more cautious on global capital-market investment amid global trade disputes, Soraphol explained.
