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Stock market hits 18-year high

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Reaching 1,514 for the first time since 1994 yesterday, the Stock Exchange of Thailand has fallen to as low as 600 in the past. 

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Economics

Stock Exchange index hits 18-year high

13 Feb 2013
Online reporters, with Bloomberg

Thai stocks surged Wednesday, driving the Stock Exchange of Thailand's benchmark index to its highest level since November, 1994.

It has been a tough ride for the SET in the last few years, as the index dropped to nearly 600 before rising to Wednesday's highest point in more than 18 years.

The SET Index climbed 1.7 per cent to 1,514 at the close...

The baht climbed, snapping a three-day decline. Currency dealers saw the SET and regional stock gains as likely to attract capital inflows - thus causing a demand for baht.

The baht advanced 0.2 per cent to 29.81 per dollar as of late Wednesday afternoon in Bangkok, the biggest gain since Jan 30. 

The SET Index has gained 8.8 per cent this year, extending a 36 per cent rally in 2012, as domestic investment and consumption recovered from the great floods of 2011... 

(Source: Bangkok Post, Economics, Stock Exchange index hits 18-year high, 13 Feb 2013, Online reporters, with Bloomberg, link


Stock Market Vocabulary
 
stock market - 1. the business of buying and selling shares in companies and the place where this happens; 2. a stock exchange ตลาดหุ้น (See Wikipedia)

stock - all the shares of a company which represent part ownership of the company's by "shareholders" หุ้น (See Wikipedia)
stock shares

stock exchange - a place where the stock shares of companies are bought and sold (See Wikipedia)

stock 
index - stock share index, a list of the average price of a particular set of shares, that can be easily compared with the average price on a previous date and used to show whether the value of shares in general is rising or falling (See Wikipedia)

benchmark - a standard of comparison, that other things are compared to and measured by (like other stocks in one industry, for example)
benchmark index

Stock Exchange index hits 18-year high

surged
- increased quickly เพิ่มขึ้นอย่างรวดเร็ว
stocks surged

Thai stocks surged Wednesday,
stocks surged driving the Stock Exchange index to its highest level

tough - difficult to do or to deal with  ยาก ยากลำบาก
a tough ride - experiencing difficulties

It has been a tough ride
It has been a tough ride for the SET in the last few years

drop - decrease
the stock index dropped
as the index dropped to nearly 600 before rising to Wednesday's highest point in more than 18 years.

climb - increase
the stock index climbed  
the baht climbed

The SET Index climbed 1.7 per cent to 1,514 at the close...

snap - break or stop something
decline - decrease
snapping a three-day decline

The baht climbed, snapping a three-day decline.

currency -
the system of money that a country uses เงินตรา
currency dealers - people who buy and sell currencies

region
(noun) -  an area of the world or in a country (such as ASEAN) ภาค,  ภูมิภาค
regional
(adjective)
regional stock
gains - increases in the stock markets of a whole region (such as ASEAN)

capital - money invested in a business
capital inflows - investment money flowing into a country

attract - to cause someone to be interested in something ดึงดูดความสนใจ
attract capital inflows

demand - the need and desire of customers to buy goods and services ความต้องการ
demand for baht

Currency dealers saw the SET and regional stock gains as likely to attract capital inflows - thus causing a demand for baht.

The baht advanced 0.2 per cent to 29.81 per dollar as of late Wednesday afternoon in Bangkok, the biggest gain since Jan 30. 

stock market rally - when the stock market continues to go up and never goes down duing a period of time
The SET Index has gained 8.8 per cent this year, extending a 36 per cent rally in 2012

domestic - within the country ภายในประเทศ
investment - taking your money and putting it into projects to make a profit or earn interest (buying stock shares, bonds, real estate)
domestic investment - investment inside a country

consumption - money spent by households and families on goods and services การบริโภค (See Wikipedia)
recovered - get better again;  became fit and healthy again ฟื้นฟูร่างกาย
consumption recovered from the great floods

domestic investment and consumption recovered from the great floods of 2011...

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