After local media had reported that The Stock Exchange of Thailand (SET) had released information on securities’ seller, SET President Charamporn Jotikasthira denied such reports. Specifically, he stated that SET did not report that Singapore’s Temasek Holdings had recently sold off its shares of Thai-listed firms. He also denied that the SET revealed the names of large-cap securities being sold.
He noted that the SET has no policy to disclose the names of sellers and buyers of any stocks to the public or any individuals. He added that the SET will investigate only suspicious trading, and reminded investors to check out all official information from the SET website, www.set.or.th
Turning to the SET Index’s drop on January 24 and 25, Mr.Charamporn said such falls have been widely expected, after the Thai bourse enjoyed an impressive growth of 40.60% in 2010, the second-largest rise in Asia. He also said that declines in the SET Index since the beginning of 2011 have been in line with those of other regional markets.
The SET President affirmed that Thai-listed firms still have strong fundamentals, with the latest earnings reports from the Banking group showing more than 20% year-on-year growth. He recommended that investors consider company fundamentals before deciding, and to monitor the information relevant to their investment.
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