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Stock Exchange of Thailand closed for several months
The Stock Exchange of Thailand (SET) building on Ratchadapisek Road in Khlong Toey district remains closed due to fire damage allegedly caused by retreating anti-government protesters. Viewed from the nearby road, the building appears to have sustained significant smoke and fire damage confined to the lower floors only.
A report in the Nation suggested that repairs would take a month to complete but this now appears to be overly optimistic. There are no signs of repair work in progress. Security staff guarding the empty building reported an "expected delay of several months" before the building resumed a normal service.
All operations at the Stock Exchange of Thailand building, including the Maruey Learning Center, have now closed. The Maruey Library at Esplanade Ratchadapisek offers a smaller range of services including a book returns service (10.00 – 22.00) and investment seminars.
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SET tanks as foreign
SET tanks as foreign investors take cover
* Published: 25/05/2010 at 12:00 AM
* Newspaper section: Business
Thai stocks lost 2.77% yesterday as foreign investors continued to cut positions over concerns on political and social stability.
The Stock Exchange of Thailand index closed at 744.31 points, down 21.23, in trade worth 27.68 billion baht. The index closed slightly up from its low of 742.04 for the day.
Energy stocks lost 3.16%, banks 2.55% and the food sector lost 2.99%. Foreign investors were net sellers of 7.75 billion baht in stock, raising their total net sales to 46.4 billion for the month to date.
The exchange opened after being closed for trade on Thursday and Friday due to riots. The SET headquarters in Klong Toey remains closed due to fire damage suffered during the unrest.
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Continue reading here: http://www.bangkokpost.com/business/economics/37678/set-tanks-as-foreign...
Foreign investors continue
Foreign investors continue stock sell-off
By Siriporn Chanjindamanee
The Nation
Published on May 25, 2010
Foreign investors yesterday continued dumping Thai shares despite the end of the red shirts' protest, on lingering concerns about terrorism and the consolidating global market.
Foreign sales outpaced purchases by Bt7.75 billion during the day. Since April 12, foreigners have offloaded shares to the tune of Bt54.18 billion in net sales, close to the net-sell peak of Bt58 billion for the year.
The Stock Exchange of Thailand Index ended the day 2.77 per cent lower at 744.31 points on turnover of Bt27.5 billion.
Bangkok Bank, 10 of whose branches were subject to arson attacks in Bangkok last week, was the most affected banking stock.
SET president Patareeya Benjapholchai said foreign investors had sold shares as they awaited developments on the political front. The Thai market was also affected by downward energy prices, which pressured stocks in that sector.
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Continue reading: http://www.nationmultimedia.com/home/2010/05/25/business/Foreign-investo...
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