June 3, 2008
Bangkok - Thailand’s stock index dropped up to 23 points due to rising oil prices and inflation, and uncertain politics.
Mrs. Patreeya Benjapolchai, president of the Stock Exchange of Thailand (SET), said those factors had the psychological impact on the stock index in the short run.
She believed they would not affect the investors’ confidence in the long run.
Soaring energy prices and inflation affected some businesses. But some industries still could make profits.
The stock index has plunged since last week. The coup rumor and political situation seem to make Thailand suffer more.
Patreeya also said the situation tended to improve.
The SET will hold road shows overseas to explain the situation to foreign investors and bring back their confidence.
