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SET reaches 24-year high

1,800 points possible next year, says analyst

Investors monitor the stock index at Asia Plus Securities. PORNPROM SATRABHAYA

The Stock Exchange of Thailand (SET) index yesterday rose to a 24-year high, buoyed by fund inflows from foreign investors and brokerage firms.

The Thai bourse closed at 1,642.94 points, down 0.04%, in trade worth 53.64 billion baht. The SET climbed to 1,652.51 points at one point yesterday, considered the highest in more than two decades after touching 1,753.73 points on Jan 4, 1994.

The SET's market capitalisation stood at 16.29 trillion baht, down slightly from 16.3 trillion recorded on Tuesday.

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