The Thai stock market is steadily on the rise following February. The Federal Reserve System (FED) has decided not to make any sudden changes to interest rates, and investors have returned to the stock market for this reason. The first week of March has seen SET Index jump to 1,379.53 points, a 2.7% increase from February.
There has been a 184% increase in the fourth quarter turnover figures of Talis Coverage’s listed companies, higher than analysts’ anticipations. The electronics, energy, petroleum, and transportation sectors all played a part in this significant growth. Analysts have predicted that in 2016 and 2017, the listed companies’ profitability will grow by 23% and 13% respectively (Crude oil prices in 2016 are to start at $40-$45 per barrel, according to analysts). However these numbers are yet to be verified due to drought problems and export and economic growth slowed.