SET index plungs in line with key global indices

BANGKOK, December 11 (TNA) - The Stock Exchange of Thailand (SET) has clarified that a plung of the SET index on Thursday, by over 32 points, was in line with major global stock indices, urging investors, thus, not to be panic. SET executives, including SET Board Chair Sathit Limpongpan and SET President Kesara Manchusree, who is also a SET board member, met Finance Minister Sommai Pasri in Bangkok to explain the reason, after the SET index tumbled 32.64 points, or 2.09 per cent, to close the morning trading session at 1,526.92 points, noting that major global stock indices have fallen in accordance with declining world oil prices. The SET executives acknowledged that many rumours have also been behind the falling SET index since earlier this week, stressing that investors should not be panic, as the Thai stock market remains fundamentally strong and can handle its short-term vulnerable conditions, while registered companies' returns to investment appear to have steadily expanded and new registered stocks, worth over 250 billion baht, will enter the Thai stock market next year. The SET executives ensured that the Thai bourse has, however, been prepared to continually monitor the updated situation and to introduce measures to cope with the situation. The SET board chair affirmed that the overall Thai economy is recovering, urging investors not to be panic by rumours but relying their investment decisions on fundamental factors. The SET index plunged by 32.75 points, or 2.10 per cent, to close on Thursday at 1,526.81 points in the afternoon session. The US Dow Jones Industrial Average index tumbled 268.05 points, or 1.51 per cent, on Wednesday (local time), closing at 17,533.15, triggering other world stock indices to have fallen in the same direction. (TNA)