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SET treads water after decree launch

  • Published: | Viewed: 1,385 | Comments: 0
  • Newspaper section: Business
  • Writer: Nuntawun Polkuamdee & Darana Chudasri
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The Thai stock market flatlined yesterday as the caretaker government's declaration of an emergency decree in the capital hardly weighed on market sentiment. 

The SET index bucked most regional market trends, edging down 0.2% to close at 1,290.49 points yesterday with moderate trade worth 31.76 billion baht.

Thawatchai Assawapornchai, research manager at Globlex Securities, said the market showed little reaction to the emergency decree imposed for 60 days to deal with the ongoing protests by anti-government demonstrators on expectations that the military will refrain from using force to suppress the protests and the caretaker government must rely on the police as in the past.

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