An electronic board displays live market data at a broker’s office in Bangkok. (Photo: Reuters)
The Stock Exchange of Thailand (SET) rebounded modestly on Tuesday as investors hailed the selection of a House speaker as a breakthrough in the political impasse, ahead of the parliamentary vote for a new prime minister later this month.
The SET index opened lower on Tuesday, but moved up to positive territory after Wan Muhamad Noor Matha of the Prachachat Party was named as speaker of the newly elected House of Representatives.
“The pressure period for the SET lasted more than a month and a half, related to uncertainties after the election,” said Paradorn Tiaranapramote, first vice-president of Asia Plus Securities’ (ASPS) research…
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