SET Index Hits 1,300 Points - 2nd Best Performer This Year

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mangomoney
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SET Index Hits 1,300 Points - 2nd Best Performer This Year Feb 5, 2016 9:03:59 GMT 7

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Post by mangomoney on Feb 5, 2016 9:03:59 GMT 7

SET index hits 1,300 points Gains driven by positive market sentiment

Thai shares briefly touched the 1,300-point psychological level Thursday, propelled by a buying spree in energy stocks following a further rebound of oil prices and cheap banking stocks.

...

Tisco Securities chief executive Paiboon Nalinthrangkurn said the Thai stock market is the world's second best performer this year after Turkey's bourse.

"The stock markets of only three countries -- Turkey, Thailand and Mexico -- have increased so far this year, while bourses in the US, China and Japan have lost more than 10%.

more.....

www.bangkokpost.com/business/finance/852788/set-index-hits-1300-points

AyG
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SET Index Hits 1,300 Points - 2nd Best Performer This Year Feb 5, 2016 15:04:36 GMT 7 rgs2001uk likes this

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Post by AyG on Feb 5, 2016 15:04:36 GMT 7

Feb 5, 2016 9:03:59 GMT 7 mangomoney said:

Tisco Securities chief executive Paiboon Nalinthrangkurn said the Thai stock market is the world's second best performer this year after Turkey's bourse.

"The stock markets of only three countries -- Turkey, Thailand and Mexico -- have increased so far this year, while bourses in the US, China and Japan have lost more than 10%.

more.....

www.bangkokpost.com/business/finance/852788/set-index-hits-1300-points

Moronic. Only an idiot judges performance by a month. In the last 12 months the SET has lost 16.13% (source Bloomberg - www.bloomberg.com/quote/SET:IND ). But then, I guess Mr. Paiboon's job is to promote the sales of his bank's products, rather than giving a realistic assessment of the investment potential of markets.

AyG
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SET Index Hits 1,300 Points - 2nd Best Performer This Year Feb 5, 2016 15:20:54 GMT 7 Fletchsmile likes this

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Post by AyG on Feb 5, 2016 15:20:54 GMT 7

"The stock markets of only three countries -- Turkey, Thailand and Mexico -- have increased so far this year, while bourses in the US, China and Japan have lost more than 10%.

That is apart from Indonesia, up 5% or so, Russia (MICEX) up 1.2%, Hungary (Traded Index) up 3.7%, Tunisia up 5.5%, Jordan up 0.6%, Palestine up 1.2%, Namibia up 1.7%, Lebanon up 1.1%, Mauritius up 2.4%, Slovakia up 6.3%, Latvia up 3.8%, Kazakhstan up 3.6%, Peru up 1.9%, Jamaica up 8.8%, Columbia up 4.0%.

All data from Bloomberg.

As for the US, China and Japan having lost more than 10%, which indices is he talking about? DJIA is down 4%, Russell 200 is down 8.6%, NASDAQ 100 is down 7%, S&P is down 5%. TOPIX is down 9%, NIKKEI 225 8.5%, JASDAQ 7.7%.

OK, China is down 10+% across the board, but the main indices of the other two have not lost that much.

Fletchsmile
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SET Index Hits 1,300 Points - 2nd Best Performer This Year Feb 5, 2016 16:30:04 GMT 7

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Post by Fletchsmile on Feb 5, 2016 16:30:04 GMT 7

I was also wondering about some of those stats. I'm guessing that the stats for Thailand were yesterday's, but the ones from other countries weren't.

Even at end of Jan though of the markets I take an interest in Russia was up 1.3% and Indonesia up 0.5%, so I find the "only 3" very hard to believe.

Seems more worthy of the Nation LOL

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smokie36
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SET Index Hits 1,300 Points - 2nd Best Performer This Year Feb 6, 2016 16:14:32 GMT 7 via mobile rgs2001uk and Fletchsmile like this

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Post by smokie36 on Feb 6, 2016 16:14:32 GMT 7

Feb 5, 2016 16:30:04 GMT 7 Fletchsmile said:

Or Not the Nation LOL

Are we there yet??

siampolee
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SET Index Hits 1,300 Points - 2nd Best Performer This Year Feb 7, 2016 11:49:13 GMT 7

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Post by siampolee on Feb 7, 2016 11:49:13 GMT 7

I'm no financial expert but this article seems to confirm my views regarding the future any comments from those better informed financial experts would indeed be welcome and interesting to see.

www.telegraph.co.uk/finance/economics/12138466/when-is-the-next-financial-crash-coming-oil-prices-markets-recession.html?

Socialism will never take root in the UK because the poor see themselves not as an exploited proletariat but as temporarily embarrassed millionaires."

me: As the UK now has a Hindu prime Minister what happens to the Roast Beef of Old England at formal occasions. The cat will be replaced with a sacred cow roaming the halls of number 10d doing number 10s freely. Oct 26, 2022 15:24:10 GMT 7

tigerfish: Cheers one and all over the festive season. Have a good one and good luck keeping the OAP..... smokie in check ! Dec 16, 2022 16:04:11 GMT 7

siampolee: 2 Septic spammers just got terminated. One for trying to sell tools etc. One for trying to sell us its poetry. Bye-bye, crusis and poetry lover RIP, both spam posts removed... Jul 19, 2023 8:41:19 GMT 7

SET Index Hits 1,300 Points - 2nd Best Performer This Year

Post by mangomoney on Feb 5, 2016 9:03:59 GMT 7

Post by AyG on Feb 5, 2016 15:04:36 GMT 7

Post by AyG on Feb 5, 2016 15:20:54 GMT 7

Post by Fletchsmile on Feb 5, 2016 16:30:04 GMT 7

Post by smokie36 on Feb 6, 2016 16:14:32 GMT 7

Post by siampolee on Feb 7, 2016 11:49:13 GMT 7

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