Thai shares topped anticipated 800-point mark on strong export data, Yuan appreciation
The stock Exchange of Thailand composite index rose 14.22 points, or 1.8 percent, to 806.07 on Monday, pushed by strong export data and the appreciation of China’s Yuan against the US dollar.
The index peaked in the morning session and stayed hovered over an anticipated 800-point mark throughout the day before ended at 806.07 point amid heavy trade volume of 15.18 billion baht.
Analyst said the market status now is definitely bull and new high record will come consecutively.
The Securities Analysis Association is also looking to revise up its forecast of the market resistance mark from currently 827 points, because the rise in the Yuan value against the US dollar would drag the regional currencies values all up while the interest rate remained low.
“This will persuade foreign investors to pour money to Thailand,” analyst said, “because they will be gaining at both the securities market and the exchange market.”
The day’s top five noticeable deals involved PTT (256.00 +4.00 +1.59%); SCB (84.75 +1.75 +2.11%); TCAP (27.25 +1.25 +4.81%); BBL (125.5 +5.00 +4.15%); and KTB (13.4 +0.50 +3.88%).

