Thailand’s economy in the second week of March is still in fluctuation. But the stock market is on the rise following the European Central Bank’s attempt to decrease interest rates and inject liquidity into the financial system. Some of the factors that contribute to this growth include:
The Bank of Japan is all set to relax its policies in times of fiscal difficulties
The FED has delayed raising interest rates
Oil prices are standing strong at $40 per barrel
However, following Jasmine International’s announcement of a 6 billion baht share buyback, the SET Index has closed at 1,393.41 points, a mere 1% increase.