Picture courtesy of Pornprom Satrabhaya

The Stock Trade of Thailand (SET) and the Marketplace for Different Funding (MAI) have introduced an extension of their day by day trading hours beginning March 25. This transfer will see the afternoon session open half an hour earlier, thus facilitating 5 hours of commerce on the 2 exchanges day by day.

The SET acknowledged that this alteration in trading hours is an effort to synchronise with different regional markets, thereby providing investors elevated trading alternatives. The amended schedule permits for a pre-open afternoon session from 1.30pm to 2pm, and the afternoon session from 2pm to 4.30pm. The morning trading hours will keep the identical, commencing from 10am and ending at 12.30pm. A half-hour pre-open session will even be included from 9.30am to 10am.

In the same vein, the Thailand Futures Trade Plc (TFEX) can also be extending its afternoon trading hours for fairness futures, foreign money futures, and rate of interest futures, starting the session half-hour earlier. The afternoon session for rate of interest futures on TFEX will now be between 1.45pm and 4.00pm. For fairness futures and foreign money futures, the session shall be from 1.45pm to 4.55pm.

This resolution follows directions from Prime Minister Srettha Thavisin to analyse the professionals and cons of extending change working hours, with the intention of attracting extra foreign investor trading.

Blended opinions have been expressed relating to these modifications. Pawarisa Lertkijkhunanont, Deputy Head of Analysis at Asia Plus Securities (ASPS), is optimistic that the prolonged trading hours can improve the Thai change’s day by day turnover to 50 billion baht with minimal draw back dangers to the SET, reported Bangkok Publish.

Contrarily, Suwat Wattanapornprom, an analyst with Krungsri Capital Securities, believes the extension could have little affect except there are modifications to the Thai stock market’s fundamentals. He acknowledged, “The current droop of the SET index was primarily attributable to disappointing working outcomes from listed corporations. If shares on the Thai market will not be enticing, we can’t attract extra foreign investors even with prolonged trading hours.”

As per ASPS, Thailand stays the one Asian market to report foreign internet promoting thus far this yr, totalling US$881 million (roughly 31.6 billion baht). In the meantime, the SET index has declined by 3.4% this yr to date.

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