Thailand Stock Echanges Closes Above 950 | Live Stock Trading News | Equities, Forex, Gold, Silver and Oil Trading
The Stock Exchange of Thailand (SET) composite index went up 4.80 points or 0.51% to close at 951.90 points at the end of trading session on Friday afternoon. The trade value was 28.03 billion baht.
The Electricity Generating Authority of Thailand (Egat) will build a new 20- billion-baht gas-fired power unit at its existing North Bangkok plant this year to help meet growing demand.
Egat governor Sutat Patmasiriwat said that construction of the 800-megawatt unit could start next year for operation from 2015. The move is aimed at addressing a predicted shortfall in power supplies from the delay of two gas-fired power plants in Chachoengsao province.
The delayed plants were awarded to independent power producers but face strong opposition by local communities.
One of them belongs to Siam Energy with a planned capacity of 1,600 MW, and the other to National Power Supply Co with a capacity of 540 MW, previously scheduled to start up in 2014 and 2015, respectively.
Thai Airways International (THAI) hailed its public offering as a success yesterday with subscription demand from existing shareholders and retail investors exceeding supply.
Most existing shareholders subscribed to their entitlements and beyond, while subscriptions from retail investors were more than twice the amount offered.
THAI president Piyasvasti Amranand said the strong interest reflected investors’ confidence in THAI and its improved performance over the past year.
The flag carrier offered 221.83 million shares to existing shareholders, excluding the Finance Ministry, whose names appeared on the share register book on Aug 30 at the entitlement ratio of one old share to 0.2667 new shares.
The baht’s appreciation has hurt many business sectors, but outbound tourism will probably receive a windfall as expenses of Thais travelling abroad decline.
Charoen Wangananont, president of the Thai Travel Agents Association (TTAA), said that if the baht continues to strengthen for another three to six months, outbound tourism will prosper. However, the local political and economic situation would have to remain positive to help lift travellers’ confidence.
The TTAA expects the stronger baht will cause outbound tourism to grow by 17-18% this year. Air ticket sales for flights abroad will total 4.7 million seats, 60% of them for tourists. Forward bookings for next month are significantly higher than last year, with Japan, China and South Korea the favourite destinations.
Top five most active values were as follows;
TRUE closed at 4.46 baht, up 0.36 baht (8.78%)
SCB closed at 99.00 baht, down 0.25 baht (0.25%)
BANPU closed at 702.00 baht, up 6.00 baht (0.86%)
PTT closed at 290.00 baht, down 1.00 baht (0.34%)
KTB closed at 15.80 baht, up 0.10 baht (0.64%)
The Electricity Generating Authority of Thailand (Egat) will build a new 20- billion-baht gas-fired power unit at its existing North Bangkok plant this year to help meet growing demand.
Egat governor Sutat Patmasiriwat said that construction of the 800-megawatt unit could start next year for operation from 2015. The move is aimed at addressing a predicted shortfall in power supplies from the delay of two gas-fired power plants in Chachoengsao province.
The delayed plants were awarded to independent power producers but face strong opposition by local communities.
One of them belongs to Siam Energy with a planned capacity of 1,600 MW, and the other to National Power Supply Co with a capacity of 540 MW, previously scheduled to start up in 2014 and 2015, respectively.
Thai Airways International (THAI) hailed its public offering as a success yesterday with subscription demand from existing shareholders and retail investors exceeding supply.
Most existing shareholders subscribed to their entitlements and beyond, while subscriptions from retail investors were more than twice the amount offered.
THAI president Piyasvasti Amranand said the strong interest reflected investors’ confidence in THAI and its improved performance over the past year.
The flag carrier offered 221.83 million shares to existing shareholders, excluding the Finance Ministry, whose names appeared on the share register book on Aug 30 at the entitlement ratio of one old share to 0.2667 new shares.
The baht’s appreciation has hurt many business sectors, but outbound tourism will probably receive a windfall as expenses of Thais travelling abroad decline.
Charoen Wangananont, president of the Thai Travel Agents Association (TTAA), said that if the baht continues to strengthen for another three to six months, outbound tourism will prosper. However, the local political and economic situation would have to remain positive to help lift travellers’ confidence.
The TTAA expects the stronger baht will cause outbound tourism to grow by 17-18% this year. Air ticket sales for flights abroad will total 4.7 million seats, 60% of them for tourists. Forward bookings for next month are significantly higher than last year, with Japan, China and South Korea the favourite destinations.
Top five most active values were as follows;
TRUE closed at 4.46 baht, up 0.36 baht (8.78%)
SCB closed at 99.00 baht, down 0.25 baht (0.25%)
BANPU closed at 702.00 baht, up 6.00 baht (0.86%)
PTT closed at 290.00 baht, down 1.00 baht (0.34%)
KTB closed at 15.80 baht, up 0.10 baht (0.64%)
