SET hits highest average daily trading in region in 2013

BANGKOK, December 23 (TNA) - The Stock Exchange of Thailand (SET) makes the historically-highest average daily trading value in the region at 51 billion baht this year. SET President Charamporn Jotikasthira predicted on Monday that the value of securities from newly-listed companies should increase by 210 billion baht next year, compared with the 10-year high of 346 billion baht this year. Next year, Charamporn foresaw, the number of new investors in the SET should stand at 80,000 and the capital which listed companies will raise should total 180 about billion baht, from 152 billion baht this year. Charamporn said he is monitoring the domestic political situation affecting investment in the Thai bourse, but he is still unable to estimate the average daily trading value in the Thai stock market next year, as he is to wait for securities companies to revise their index estimates and to see whether the new general election will happen on February 2, 2014, as set; so, he will make his estimation on investment in the Thai stock market next February. The SET president acknowledged that he would like to see a clear direction of Thai politics in the near future so that the country could maintain its opportunities. The SET president pointed out economies are recovering in neighboring countries and others worldwide, including the United States, Europe, Japan, China, Vietnam, Malaysia and Singapore, which are the competitors of Thailand, warning if the domestic political disturbance persisted, international investors would move to the competitors.(TNA)