March 29, 2011

Thai stock exchange becomes Asia Pacific's 2010 top performing market

The SET (Stock Exchange of Thailand) index jumped by 56% as compared with last year, placing the bourse as the best performing market in the Asia Pacific and one of the top five markets in the world, stated the SET president Monday (Mar 28).

According to SET President Charamporn Jotikasthira, the net profit of Thai listed companies increased more than 30% from the year before.

"I should point out that the improved profits have been well diversified across all sectors, ranging from food and agriculture, manufacturing, financial services, consumer products, electronics and energy. 2010 was the remarkable year of Thai listed companies and the Stock Exchange of Thailand despite the slow global economic recovery and domestic political difficulty," the SET president said.

Charamporn added that the Thai Exchange Capitalization reached an all-time high of THB8.6 trillion (US$285 billion) with the trade volume of US$1 billion a day. Moreover, the number of derivatives contracts traded in 2010 also made a new record.