The International Monetary Fund (IMF) has slashed its forecast for Thailand's economic growth to 2.7 percent this year and 3.2 percent in 2024 from the previous estimate of 3.4 percent and 3.6 percent, respectively. The new projection was due to the lower-than-expected second-quarter gross domestic produ
he Federal Reserve (Fed)'s continuous rate rises to contain inflation and recession risk looming large in several countries weighed on the global stock markets throughout 2022, but SET Index, which was less volatile than its peers, was among few gainers across the globe.Senior Executive Vice President o
After the US Federal Reserve (Fed) has aggressively raised interest rates, the sky-high headline inflation rate eventually started to ease as risk that the world's largest economy will enter a recession over the next 12 months is intensified. Against the economic backdrop, analysts estimated that Fed wo
The US real gross domestic product (GDP) bounced back to grow in the third quarter of 2022, while headline inflation started to abate, albeit the level remained stubbornly above the Federal Reserve (Fed)'s target. Investors, therefore, took clue from the high inflation and anticipated that the policy rat
The US Federal Open Market Committee (FOMC) meeting outcome reflected that the Federal Reserve (Fed) needs to keep inflation within the target within the next two years, which triggered its counterparts to accelerate policy rate hikes. A string of interest rate hikes has dealt a big blow to the global
Supply chain problems and a run-up in global commodity prices have caused many countries to face high inflation and numerous central banks to tighten monetary policy by announcing the acceleration of the policy rate hikes in the first seven months of 2022 with an aim to tame inflation. This could possibly l
The World Bank has slashed its forecast for the global economic expansion in 2022 to 2.9 percent from 4.1 percent previously predicted. Despite the limited risks on recession, considering altogether the surge in energy prices and food coupled with supply chain disruption resulted from Russia invasion of Ukr
Spiraling inflation concerns compel several central banks to become more hawkish to control inflation as China's economy slows down grappled by the stringent lockdown measures to contain the COVID-19 pandemic, particularly in Shanghai. The double whammy deepens global recession risk, resulting in correction
In April 2022, the Thai capital market was engulfed by a string of factors, such as the International Monetary Fund (IMF)'s downward revision in global economic growth forecast for 2022 and the rally in commodity prices especially energy and food expected to remain high until 2023 propelled by the Russia-U
Sanctions on Russia have bumped up commodity prices and lowered risky asset prices. Crude oil prices in the global market which surpassed USD 100 per barrel have stoked concerns that the Federal Reserve could tighten monetary policy to curb the rising inflation. However, the inverted yield curve of the 2-y
The rise in the global energy prices propelled by the Russia-Ukraine conflict raised investor concerns over inflation and global economic slowdown. There have been fluctuations in worldwide financial markets with signs of capital flight from risky assets to safe-haven assets. Moreover, significant flows
The National Economic and Social Development Council (NESDC) in November forecast that the Thai economy will grow 1.2 percent, which is at the top range of the previous forecast, with lower-than-expected decline in private sector spending in the third quarter of 2021, and improving growth trend in consi
In October 2021, the International Monetary Fund (IMF) revised its forecast on the global economic growth in 2021 slightly downwards mainly on the new wave of the COVID-19, rising oil prices and supply chain problems which raised concern on rising inflation in many countries. These could prompt various c
In September 2021, the Monetary Policy Committee (MPC) estimated that the Thai economic outlook in 2021 and 2022 would be close to the previous forecast. The economy was expected to benefit from increasing vaccination distribution and the faster-than-expected relaxation of the disease control measures.
In late August, there were apparently some brighter sides since the new wave of COVID-19 via the Delta variant tended to subside in Thailand. The numbers of daily new infected cases were declining in many areas nationwide. In addition, SET's Thailand Focus 2021 event helped bolster investors' confidence.
The spread of the COVID-19 Delta variant has intensified in Thailand with approximately 15,000 new patients a day in late July, while the SET Index dropped by 4.1 percent from the preceding month. Despite the ongoing COVID-19 pandemic, the International Monetary Fund (IMF) is maintaining its estimate of the
The global economic recovery, Thai baht depreciation to its 13-month low, and lower production costs resulting from the commodity prices are contributing factors to Thailand's export growth. The value of exports in May surged by 41.59 percent, compared to the same period last year. However, the rise of dome
During January - April, a number of countries, particularly the advanced ones, provided COVID-19 vaccines to their citizens to achieve herd immunity, correspondingly the International Monetary Fund (IMF)'s forecast indicated the world economy is bouncing back with an upward revision of the global economic outlook t
The SET Index closed the first quarter of 2021 in positive territory, rising 9.5 percent to 1,587.21 from the end of 2020. For the first time the SET Index in March bounced back to the pre-pandemic level. Comparing with 2020 year-end performance, industry groups that outperformed SET Index were Financials, Agro Foo
Bangkok-8 Jul-The Stock Exchange of Thailand The Stock Exchange of Thailand (SET) Index at end-June closed at 1,339.03 points or a 0.3 percent drop from the previous month but a 2.8 percent rise in terms of US dollars. Practically all industries outperformed SET Index, excepting Financials and Property Construction industry groups. SET Senior Executive Vice President Soraphol Tulayasathien said that the SET Index was relatively flat
Bangkok-12 May-SET Corporate Communications The Stock Exchange of Thailand (SET) Index ended April at 1,301.66 points, gaining 15.6 percent from the preceding month, while the average daily trading value of SET and Market for Alternative Investment (mai) surged 28 percent to THB 68.09 billion (approx. USD 2.10 billion) from the 2019 average. Foreign investors sold a net THB 46.78 billion worth of Thai shares, moving in tandem with
Bangkok-8 Apr-SET Corporate Communications The Stock Exchange of Thailand (SET) Index ended March at 1,125.86 points, down 16 percent from the previous month, while the average daily trading value of SET and Market for Alternative Investment (mai) in the month surged 34.8 percent from the 2019 average to THB 71.71 billion (approx. USD 2.24 billion). Foreign investors pulled out a net THB 78.36 billion worth of Thai shares, trending
Bangkok-9 Mar-SET Corporate Communications The Stock Exchange of Thailand (SET) Index ended February at 1,340.52 points, falling 11.5 percent from the previous month, while the average daily trading value of SET and Market for Alternative Investment (mai) in February rose 23.8 percent from the 2019average to THB 65.86 billion (approx. USD 2.09 billion). Foreign investors sold a net THB 19.40 billion worth of Thai shares,
Bangkok-8 Jan-SET Corporate Communications The Stock Exchange of Thailand (SET) Index ended 2019 at 1,579.84 points, up 1 percent from the previous year, while the average daily trading value of SET and Market for Alternative Investment (mai) in 2019 fell 7 percent to THB 53.19 billion (USD 1.77 billion). In tandem with most ASEAN peers, foreign investors were net sellers of THB 44.79 billion worth of Thai shares in 2019, lower than a
Bangkok-3 Dec-SET Corporate Communications The Stock Exchange of Thailand (SET) Index at end-November was down 0.7 percent from the previous month but up 1.7 percent from the end of 2018 to 1,590.59 points. The average daily trading value of SET and Market for Alternative Investment (mai) in November surged 27 percent over the same period last year to THB 52.80 billion (approx. USD 1.7 billion). Foreign investors pulled THB 7.72
Bangkok-6 Mar-SET The Stock Exchange of Thailand (SET) Index at the end of February rosed 5.7 percent from end-2018 to 1,653.48 points, in tandem with other Asian bourses. The average daily trading value of SET and Market for Alternative Investment (mai) in February amounted to THB 46.77 billion (approx. USD 1.46 billion), down 3.7 percent from the previous month. Local institutional investors and proprietary traders were net
Bangkok-7 Jan-SET The Stock Exchange of Thailand (SET) Index ended 2018 at 1,563.88 points, down 10.8 percent from end-2017, while the average daily trading value of SET and Market for Alternative Investment (mai) in 2018 surged 15.1 percent to THB 57.67 billion (USD 1.75 billion). Local institutional and retail investors were net buyers of Thai shares in 2018. SET Senior Executive Vice President Soraphol Tulayasathien said that SET
Bangkok-7 Dec-SET The Stock Exchange of Thailand (SET) Index at the end of November dropped 1.6 percent from the previous month and 6.4 percent from end-2017 to 1,641.80 points, falling at a slower pace than most Asian bourses. The average daily trading value of SET and Market for Alternative Investment (mai) in November amounted to THB 41.6 billion (approximately USD 1.3 billion), down 29.4 percent from the same period a year
Bangkok-10 Oct-SET The Stock Exchange of Thailand (SET) Index at the end of September rose 2 percent from the previous month to 1,756.41 points. The average daily trading value of SET and Market for Alternative Investment (mai) in September amounted to THB 58.17 billion (approximately USD 1.76 billion), down 6.5 percent from the same period a year earlier. Local institutional investors and proprietary traders were net buyers in
Bangkok-9 Aug-SET The Stock Exchange of Thailand (SET) Index at the end of July gained 6.7 percent from the previous month to 1,701.79 points, in line with the regional peers, becoming ASEAN's best performing bourse of the month. The average daily trading value of SET and Market for Alternative Investment (mai) in July was THB 52.05 billion (USD 1.58 billion), a 25.5 percent year-on-year increase. SET President Pakorn
