SET trading rose 43% in February, signals recovery

Trading value on the Stock Exchange of Thailand (SET) in February rose 43% from the same period last year, with stocks in the food, banking and industrial sectors outperforming and providing a strong sign of a global economic recovery.

Soraphol Tulayasathien, the SET’s senior executive vice-president, said the global stock exchanges in February experienced volatility as bond yields spiked to 12-month high, inciting concerns over a rise in inflation that could cause major central banks to ease monetary policies sooner than expected.

The SET Index closed at 1,496.78 points at the end of February or up 2% from January, on the heels of the global economic rebound and optimism on the recovery in…