SET almost at 1,500

Published: 1 Feb 2013 at 16.55
Online news:

The SET index came within a hair of 1,500 for the first time in more than 18 years as the bull run in Thai stocks continued on Friday.

The Stock Exchange of Thailand Index gained 25.02 points or 1.7% to close at 1,499.22, also its highest point of the day, after shedding 1.1% on Thursday as investors took profits.

The last time the SET closed above 1,500 was on Nov 7, 1994 when it reached 1,504.15. The market reached its all-time high of 1,789.16 on Jan 5, 1994.

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Asian Hand
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Discussion 8 : 02 Feb 2013 at 10.548
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The SET and the MAI are all rigged. There are market makers whose job is to pump up and pull down a stock for the controlling interests. Note all the junior property players over the past few weeks with their price rises and nobody asks! Even essentially shell companies plus those on the verge of rehabilitation are doing the same with no future business story or development to support price increases. Overall, they are not "public" companies. Control is held by the Govt or families who hid behind various holding companies. Its Thailand's version of Las Vegas for the rich. A junior version of the NYSE.
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oldairman
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Discussion 7 : 02 Feb 2013 at 07.127
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Exchange officials said on Thursday that they were monitoring about 60 companies with P/E ratios of 40 times or more, as retail investors continue to chase shares of small-cap companies in hopes of making a quick killing.
Analysts also warned about possible heavy selling next week as investors take profits ahead of Chinese New Year, when markets in China, Taiwan, Hong Kong and Vietnam will close for several days.

What flows in can flow out just as fast when investors decide to take their profits out.
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Bangon
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Discussion 6 : 01 Feb 2013 at 23.476
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Bubble, bubble, when will you burst? For sure the 'big shots' will know and will have protected themselves, and once again, like any time, it will be the small savers and investors who will be the losers, and, when they are taxpayers, will be the ones paying for cleaning up the mess, while the 'big shots' will have become a lot richer... Capitalism the way the Americans see it, stinks, IMHO!
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DonAleman
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Discussion 5 : 01 Feb 2013 at 22.215
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Although some few Thai stocks are worth their selling price, most are not. A similar
rise in sales and prices were followed by dramatic drops ! "The sun shines brighter before the storm ".
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borrocks
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Discussion 4 : 01 Feb 2013 at 21.054
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remember that the money will flow out even faster
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jwatch
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Discussion 3 : 01 Feb 2013 at 20.383
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Market capitalisation as of Jan 31 was 12.5 trillion baht, compared with 11.83 billion at the end of 2012.

that's like a 1000% increase in a month. Amazing.
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HowIWish
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Discussion 2 : 01 Feb 2013 at 20.182
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The bulls appear to be running everywhere, the Australian Stock Exchange (ASX) is also hitting unheard of highs for years!!
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3rivers
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Discussion 1 : 01 Feb 2013 at 19.041
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I'm well aware that the custom is to refer to nominee net buys as "foreign" buyers but it is misleading for most folks. The term "foreign buyers" means Thai securities that are registered using a nominee instead of the beneficial shareholders actual name. Those buyers are not necessarily foreigners, because only the overseas order taker has that information.
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SET almost at 1,500 | Bangkok Post: business