SET index cracks 1,400, ranks fifth best in 2012

Final session's sell-off seen as temporary blip

Published: 29 Dec 2012 at 00.00
Newspaper section: Business

The Stock Exchange of Thailand index broke through the 1,400-point barrier on the last trading day of the year, closing up 35.75% for 2012 and making it the world's fifth best-performing bourse in that period.

The index reached 1,402.86 points yesterday, but SET president Charamporn Jotikasthira said the market was extended past its full value.

At the close of the trading session, the SET index stood at 1,391.93 points, down 5.26 points or 0.4% in trading worth 34.6 billion baht, a record high for the past 16 years.

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Discussion 1 : 29 Dec 2012 at 05.091
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The late selloff is just a blip. Sure and the CBOE VIX at 22.72 is just a blip too. That the world's biggest economy's government has to raid it's own pension funds just to pay it's bills before we all come back from the holidays is no problemo. Okay, next stop is an easy 2,000 for the SET. And 6,000 a piece of cake for the Philippines Stock Exchange.
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SET index cracks 1,400, ranks fifth best in 2012 | Bangkok Post: business