BANGKOK, March 10 (TNA) — Federation of Thai Capital Market Organizations chairman Paiboon Nalinthrangkurn expects the Stock Exchange of Thailand (SET) to recover fast in the second half of this year thanks to strong economic fundamentals.
“Yesterday stock exchanges worldwide plummeted on concerns about the COVID-19 epidemic and the oil price war announced by Saudi Arabia. But today indices at many stock exchanges start to rise again,” he said.
He advised investors to look at the government’s monetary and tax measures to help operators and people affected by the coronavirus disease 2019 (COVID-19).
Mr Paiboon proposed that the government expand the ceiling of investment in the Super Savings Fund by 200,000 baht especially from April to June to stimulate investment in the SET.
“It is the crisis that we did not create. The stock exchange will recover fast because the economy is not heavily damaged. Commercial banks remain strong. I believe that the situation will improve in the second quarter and recovery will start in the second half of this year,” he said. (TNA)
