SET index rises 1.25% as part of global rebound

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mangomoney
Crazy Mango

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SET index rises 1.25% as part of global rebound Mar 31, 2016 10:24:16 GMT 7

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Post by mangomoney on Mar 31, 2016 10:24:16 GMT 7

SET index rises 1.25% as part of global rebound

Published: 31/03/2016 at 06:00 AM

Newspaper section: Business

Thai shares joined the global market rally and gained 1.25% to surpass the 1,400-point barrier yesterday, propelled by the US Federal Reserve's dovish stance on policy rate increases in light of mounting global economic uncertainties.

....

and

Buoyed by the massive fund inflows to the Thai market, the baht strengthened to 35.20/35.23 yesterday from 35.42/35.44 on Tuesday.

more...

www.bangkokpost.com/business/news/916181/set-index-rises-1-25-as-part-of-global-rebound

Last Edit: Mar 31, 2016 10:25:23 GMT 7 by mangomoney

Fletchsmile
Wizard

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SET index rises 1.25% as part of global rebound Mar 31, 2016 11:44:41 GMT 7

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Post by Fletchsmile on Mar 31, 2016 11:44:41 GMT 7

Has been a nice quarter so far:

SET up around 9% this year.

THB has also strengthened vs USD and GBP on top of that.

SET Options trading for me also has returned about 11% so far this year. Not that much above the SET really, as I wasn't expecting the market to rebound so much. But it was nice to have a profitable quarter again, after my first quarterly loss in over 3 years at end of December. As at today, I'm positioned so that as long as the market doesn't rise more than 5% or fall more than 23% before June, I'd end up with a gain of just over 20% for the year to date. That reflects my view on the Thai stock market from here: still some upside, but I want a much wider margin for error on trading the downside risk.

Fletchsmile, 13th of the Istari wizards - Wandered Middle Earth for centuries and chose Thailand.
Later discovered BigMango forum Thailand: bigmango.boards.net/ and www.bigmango.club
"Do not meddle in the affairs of wizards, for they are subtle and quick to anger" (LOTR)

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