SET extends deadline due to few presidential applicants

The Stock Exchange of Thailand (SET) has delayed the application deadline for its presidential role until May 15, following a lack of applicants. The present president, Pakorn Peetathawatchai, is due to step down in September.

The SET chairman role also remains unfilled after Pichai Chunhavajira’s recent resignation. The exchange is seeking candidates who can support its vision of making the capital market accessible to all.

Commenting on the situation, Tisco Securities’ head of strategy research, Apichart Phubancherdkul, pointed out that the Thai stock market is currently facing major challenges. Despite high liquidity and strong stocks in the banking and energy sectors, it is not as attractive to investors as it used to be. Apichart noted that growing industries such as healthcare and tourism have limited weight within…