Finance Minister believes Thai Stock Exchange is getting back to normal

Bangkok, 17 October 2009 (NNT)-Minister of Finance believed that The Stock Exchange of Thailand (SET) next week will return to a normal state.

Mr. Korn Chatikavanij, Minister of Finance talked about the rumor in the Thai Stock Exchange, which caused alarm among investors with a lot of shares being sold off, resulting in the SET index nosedive by over 38 points in a day. Such a case of rumor and fluctuation of equities price was the common long lasting problem in the Stock Market, but investors had to uphold principles and make decisions on the basis of the stable Thai economy with the tendency for improvement.

The Minister was confident that both local and foreign investors could get the facts and would regain confidence in the Thai Stock Exchange. This would cause the Market to turn back to the normal state.

The Finance Minister admitted that in the past year share prices were adjusted at a high rate before they were adjusted down. Thai equities rose as much as 65 per cent, and brought high profit to investors at 15-20 per cent. The rate is currently slowed down and would bring Thai Stock Exchange to a normal state soon.

Mr. Korn said that there was no effective measures to stop rumor, therefore the investors must differentiate rumors from facts and consider how those rumors affect investments. However, those who intentionally spread rumors must be prosecuted.