FacebookInstagramTwitterContact

 

BORNEO HOUSING AGENCY: Terrace House in Bengkurong (B$190K, Property Chinese Owned) • Industrial Warehouse in Menglait, Gadong for Rent • Shop house in Gadong (Ground Floor) for Rent • Industrial Shops in Bunut for Sale • Land in Jerudong for Sale • Shop house in Kiulap for Sale (44 years lease, approx 5,000.00 per month rental) • Chempaka Terrace House for Rent (3 bedrooms, B$700.00 per month) • Shop house in Kiarong for Sale (B$380.00) • TEL: +6738732975, +6738839007           >>           Fully furnished office space for rent at Regus Brunei. Call +673-886-2879 or go to www.regus.com.bn           >>           Private Company Urgently Need Houses & Flats for Rent in Bandar Seri Begawan, Kindly Contact the ff. nos. for further information: 242-7623/+673 883-9007           >>           HAPPY EID MUBARAK "Wishing you prosperity and peace on this holy occasion of EID MUBARAK"           >>           Man United Edge Past Real Madrid On Penalties In UEFA Super Cup Tune-Up           >>           Malaysia Qualify For AFC U23 Championship After Beating Mongolia           >>           Kompany Gamble Poised To Pay Off For Guardiola And Manchester City           >>           NASA Backs Deep Space Habitat Made With Old ISS Cargo Module           >>           Your Telegram Chats Now Include Disappearing Photos           >>           Barcelona's Gerard Pique Posts Neymar Photo With 'He Stays' Message           >>           Strava's New Premium Perks Will Insure Your Phone While You Ride           >>           Philippe Coutinho's Fate Once Again Depends On What Neymar Does           >>           Wells Fargo Accidentally Leaks 50,000 Clients' Records           >>           Girl, 5, Sent Dozens Of ‘Job Offers’ After Being Fined For Lemonade Stall           >>          

 

SHARE THIS ARTICLE




REACH US


GENERAL INQUIRY

[email protected]

 

ADVERTISING

[email protected]

 

PRESS RELEASE

[email protected]

 

HOTLINE

+673 222-0178 [Office Hour]

+673 223-6740 [Fax]

 



Upcoming Events


Program Peningkatan Personel Kementerian Kebudayaan, Belia dan Sukan dan Jabatan-Jabatan Di Bawahnya
July 24th, 2017 | 08:00 AM


Majlis Pelancaran Filem Komedi Brunei ‘Rina 2’
July 25th, 2017 | 19:45 PM


Majlis Perasmian ‘Fruits of BIMP-EAGA: Culture & Food in Tourism Expo 2017
July 27th, 2017 | 10:15 AM





Prayer Times


The prayer times for Brunei-Muara and Temburong districts. For Tutong add 1 minute and for Belait add 3 minutes.


Imsak

: 04:43AM

Subuh

: 04:53AM

Syuruk

: 06:16AM

Doha

: 0640:AM

Zohor

: 12:28PM

Asar

: 03:51PM

Maghrib

: 06:37PM

Isyak

: 07:51PM

 



The Business Directory


 

 



Thailand


  Home > Thailand


SET Tops All Asean Markets In 2016


 


 December 31st, 2016  |  08:12 AM  |   1084 views

BANGKOK

 

Thailand's economy may have struggled to gain momentum this year but the country's stock market was the best performer in Southeast Asia and second-best in all of Asia Pacific.

 

The Stock Exchange of Thailand finished the year on Friday at 1,542.94 points, representing a gain of 19.8% from 1,288.02 at the end of 2015. Over the past 52 weeks the index traded in a range between 1,220.96 and 1,558.32 points.

 

On Friday the SET Index advanced 5.13 points to close 2.2% higher than at the end of the previous week. Turnover was thin at 36.68 billion baht as investors headed off for the New Year holiday. The market will reopen on Wednesday. Friday was the sixth straight day of gains as investors have been encouraged by improving economic indicators, including November exports that were well above forecasts.

 

The 2016 closing was the highest year-end mark in 23 years. The SET ended 1993 at 1,682.85 points and recorded its all-time high of 1,789.16 a week later, on Jan 5, 1994.

 

In Asia Pacific, only the Karachi Stock Exchange in Pakistan, with a gain of 45.3%, has performed better than Thailand in 2016. And only one other bourse in the region, Jakarta (15.4%), recorded a double-digit advance.

 

The MSCI Asia Pacific Index finished 2016 up 2.3%, its first annual gain since 2013. The Dow Jones Asia-Pacific Total Stock Market (TSM) Index of 20 regional markets was up 2.1% for the year.

 

The SET has struggled to sustain gains in recent years, however. The improved showing this year followed a decline of 14% in 2015. That was preceded by a gain of 15.3% in 2014, a loss of 6.7% in 2013 and a gain of 35.7% in 2012.

 

The market capitalisation of the SET has risen steadily this year, reaching 14.74 trillion baht at the end of November compared with 12.2 trillion at the end of 2015. Average daily trading turnover was valued at 50.6 billion baht in the first 11 months, compared with 41.1 billion for all of 2015.

 

Foreign investors were net buyers of 77.93 billion baht worth of Thai shares over the course of the year, and brokers were net buyers of 25.37 billion. Local institutional investors were net sellers of 8.65 billion baht, and retail investors sold 94.64 billion more than they bought.

 

Among the other top-performing stock exchanges in the world this year were Caracas (up 113.9% through Thursday), Cairo (76.2%), Moscow (51.1%), Buenos Aires (44.9%), Sao Paulo (38.9%) and Budapest (33.9%).

 

The baht, meanwhile, ended the year little changed from 35.98/36.00 to the US dollar at the end of 2015. It was trading on Friday in Bangkok around 35.95.

 

The continued strength of the dollar and expectations of a faster pace of US interest rates in 2017 resulted in losses for most Asian currencies in 2016.

 

The Chinese yuan was the worst performer among major Asian currencies, down nearly 6.6%, its biggest annual fall since Beijing established its foreign-exchange market in 1994.

 

The decline in the yuan mirrors the poor performance of Chinese equities this year, with the Shanghai Composite down 12.5% through Thursday.

 

The Taiwan dollar was the region's best performer with a rise of 2.7%, helped by large foreign investor inflows into Taiwanese equities.

 


 

Source:
courtesy of BANGKOK POST

by BANGKOK POST

 

If you have any stories or news that you would like to share with the global online community, please feel free to share it with us by contacting us directly at [email protected]

 

Related News


Eco World Foundation Helps 6,000 Students

 2017-07-24 08:37:31

South China Sea: Vietnam Halts Drilling After 'China Threats'

 2017-07-24 08:49:58

China Nasdaq About To Be Cheaper Than Nasdaq For First Time

 2017-07-24 09:38:00