SET Stock Exchange of Thailand skyrockets in response to reconciliation roadmap

The Stock Exchange of Thailand SET index soared 34 points at this morning’s closing in response to a hopeful political sentiment upon the Prime Minister’s introduction of the reconciliation roadmap.

The index in the Thai stock market leaped into the positive territory immediately at the opening this morning as investors hoped that Prime Minister Abhisit Vejjajiva’s announcement of the national reconciliation roadmap would help resolve the current political impasse. During his televised address yesterday, the Prime Minister extended an offer for a fresh election to be held on 14 November 2010 with a condition that the roadmap must be enacted by all sides.

This morning, the SET index fell to the lowest of 786.04 points and rebounded to the highest of 798.67 points before settling at 798.00 points at closing, up by 34.49 points or 4.52%, with a heavy trade volume of 26.24 billion THB. The five most active stocks by trade value were as follows: PTT stood at 270.00 THB, up 13.00 THB. PTTEP stood at 158.50 THB, up 6.50 THB. BANPU stood at 684.00 THB, up 42.00 THB. SCB stood at 88.25 THB, up 6.25 THB. KBANK stood at 98.75 THB, up 8.50 THB.

Reporter : Rungkarn Rujiwarangkul

via SET index skyrockets in response to PM’s reconciliation roadmap