News Detail

Date/Time
03 Jan 2018 17:43:00
Headline
SET News :SET Index begins 2018 with all-time closing high of 1,778.53 points
Symbol
SET
Source
SET
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   SET News 1/2018

                                                                                
    January 3, 2018

SET Index begins 2018 with all-time closing high of 1,778.53 points

BANGKOK, January 3, 2018 - The Stock Exchange of Thailand (SET)'s main index hit
a new record high in the first trading day of 2018 by closing at 1,778.53
points, the highest closing level since its inception in 1975, while gaining
24.82 points or 1.42 percent from end-2017. Combined market capitalization of
SET and Market for Alternative Investment (mai) rose to THB 18.17 trillion
(approx. USD 568 billion), while daily average trading value was at THB 88.08
billion.

In 2017, SET Index gained 210.77 points or 13.66 percent, reflecting investor 
confidence on Thailand's continuous economic growth which has helped boosting
listed firms' performance. Total 42 securities listed in 2017 raised a combined
THB 426 billion, hitting an all-time high as well. In addition, domestic and
foreign institutional investors' investment also recorded growth last year.

Today's index has surpassed the previous closing record of 1,753.73 on January 
4, 1994, when a combined market capitalization was at THB 3.3 trillion.

SET President Kesara Manchusree stated, "The index rise reflected investment 
confidence in line with economic growth and listed firms' profitability.
However, it is advisable for  investors to select stocks with good performance
and growth potential as well as studying the company's information carefully,
while monitoring domestic and global situations that can affect investment in
order to minimize risks."


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