Market Update 09/06
It’s becoming amusing for some sectors (I have to extend the chart indices lower). But again the story remains quite the same for the overall market…banks + telcos seem to be where folks are hiding out. And until the banks decide to lend again (which they can’t as they won’t accept the truth of the NPLs situation)…we’ll have to wait for the fun times in the political ring to settle before the market can figure out where to go next.
Paul Renaud
The SET here will keep sleeping until various meaningful broker and SET real reforms take place. Retail investors have lost trust in SET investing, often mostly due to poor broker behaviour. As I mentioned and warned for years and mentioned on every occasion to CEO’ s of various Thai brokers. To no avail.
Pon
Combination of factors imo, if the economy was still rocking, greed would continue. Now with a competition for capital, no real surprise it’s down.