The Stock Exchange of Thailand main index rocketed more than 50 points in the afternoon trading session on Thursday on the back of purchases in shares of commercial banks and energy firms.
The Thai main bourse rebounded more than other stock markets in the region as investors welcomed the fact that the US Federal Reserve (FED) would continue implementing its quantitative easing measures to further spur the economy.
Apichart Phubancherdkul, director for strategy analysis division at TISCO Research Office, said the SET index surged sharply on the back of positive sentiment after the FED made clear that it would not yet scale down quantitative easing measures, as feared by investors.
At 2.53pm, the SET index surged 50.56 points, or 3.64%, to stand at 1,438.97 points. At 3.30pm, the main index further rallied up 51.64 points, or 3.72%, to 1,440.05 points, with a total trade value of 39.97 billion baht.
At 4.04pm, the main index stood at 1,440.66 points, up 52.25 points, or 3.76%, with a total turnover of 45.75 billion baht.