Brokers set to celebrate Q1
Bull market boosting everyone's bottom lines
- Published: 18 Mar 2013 at 00.00
- Newspaper section: Business
Securities companies are expected to report hefty profits for this year's first quarter in light of the heavy trading volume on the bullish Stock Exchange of Thailand.
The brisk trading could boost brokerage houses' bottom lines, as commission fees remain the largest portion of their revenue, said Pattera Dilokrungthirapop, chairwoman of the Association of Securities Companies.
The SET index has risen 14% this year as of Friday, while the daily trading volume averaged 58.3 billion baht as of last Wednesday.
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