The Stock Exchange of Thailand composite index closed at 858.1 yesterday, the last trading day of the year.
Published on December 29, 2007
The index has risen 26.22 per cent compared with 2006. Stock analysts believe foreign capital inflows will return once a new government is established.
Yesterday the index was up 0.71 per cent for the day.
Market capitalisation was Bt6.3 trillion, up 20 per cent from Bt5.08 trillion at the end of 2006.
This year the index peaked at 915.03 points on October 29 and bottomed at 616.75 on January 9.
DBS Vickers Securities (Thailand) research department assistant manager Arpaporn Sawaengpak said yesterday that if no violence occurred over the New Year period and the newly elected government was fully established, foreign investors were expected to return to Thailand.
The main index is expected to hit between 860 points and 870 points in the first week of 2008.
Arpaporn suggested retail investors buy high-cap stocks and wait for foreign capital inflows. Long-term investors should gradually collect cheaper banking, energy, entertainment and transport stocks, she said.
A Tisco Securities analyst said the main index could test 860 in the first week of the new year. The next resistance level is 900.
Thanachart Securities marketing senior director Pichai Lertsupongkit said investors should monitor the effect on foreign equity investment of the Benazir Bhutto assassination.
He said Thai stocks had risen as much as 40 points in the last week of 2007.
He predicted support and resistance levels at 850 and 860 respectively.
A stock-market source said that at least 57 new companies had submitted filings for fast-track listing on the market next year, surpassing the exchange's target of 37.
He said many companies had sought auspicious trading-debut days.
Exchange executive vice president Vichate Tantiwanich earlier said he expected 37 new listings in 2008, of which 25 would be on the main board and the rest on the Market for Alternative Investment.
The exchange will offer listing incentives for companies next year. Fast-track listing will speed up the process.
Daily trading value targets next year are Bt22 billion, up from this year's average of Bt17.5 billion.
It wants to see total investors rise 100,000, three quarters of which will buy and sell mutual funds. At present total investors are 1.86 million.
Siriporn Chanjindamanee
The Nation
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Published on December 29, 2007
The index has risen 26.22 per cent compared with 2006. Stock analysts believe foreign capital inflows will return once a new government is established.
Yesterday the index was up 0.71 per cent for the day.
Market capitalisation was Bt6.3 trillion, up 20 per cent from Bt5.08 trillion at the end of 2006.
This year the index peaked at 915.03 points on October 29 and bottomed at 616.75 on January 9.
DBS Vickers Securities (Thailand) research department assistant manager Arpaporn Sawaengpak said yesterday that if no violence occurred over the New Year period and the newly elected government was fully established, foreign investors were expected to return to Thailand.
The main index is expected to hit between 860 points and 870 points in the first week of 2008.
Arpaporn suggested retail investors buy high-cap stocks and wait for foreign capital inflows. Long-term investors should gradually collect cheaper banking, energy, entertainment and transport stocks, she said.
A Tisco Securities analyst said the main index could test 860 in the first week of the new year. The next resistance level is 900.
Thanachart Securities marketing senior director Pichai Lertsupongkit said investors should monitor the effect on foreign equity investment of the Benazir Bhutto assassination.
He said Thai stocks had risen as much as 40 points in the last week of 2007.
He predicted support and resistance levels at 850 and 860 respectively.
A stock-market source said that at least 57 new companies had submitted filings for fast-track listing on the market next year, surpassing the exchange's target of 37.
He said many companies had sought auspicious trading-debut days.
Exchange executive vice president Vichate Tantiwanich earlier said he expected 37 new listings in 2008, of which 25 would be on the main board and the rest on the Market for Alternative Investment.
The exchange will offer listing incentives for companies next year. Fast-track listing will speed up the process.
Daily trading value targets next year are Bt22 billion, up from this year's average of Bt17.5 billion.
It wants to see total investors rise 100,000, three quarters of which will buy and sell mutual funds. At present total investors are 1.86 million.
Siriporn Chanjindamanee
The Nation
Discuss
Add this link to...
Tell a friend
Bury
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