Why is the SET in a protracted slump?

Quick Summary:

On July 1, with investors searching for clues about their investments in the second half of 2024, the Stock Exchange of Thailand (SET) index slipped below the psychological level of 1,300 points for the second time in a month.

The minor rebound during the last week of June was attributed to the government unveiling plans to bolster the stock market with a new version of the Vayupak Fund, which is an active fund in which the government is a major shareholder, he said.

Rakpong Chaisuparakul, senior vice-president of KGI Securities (Thailand), said the Thai stock market's extended loss was greater than expected in June, noticeably underperforming other Asian bourses, attributed to two key negative factors.

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Article Details

Category: EconomyBusiness

Markets: ThailandIndonesiaPhilippines

Topics: Points Year Foreign Stock Thai Funds Baht Billion Market Index Fund

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-11 @ 05:20:00 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 1255 words

Reading Time: 7 minutes read

Sentences: 45 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 21570142

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Official Website: bangkokpost.com

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