Thailand’s Market Continues to Outperform

Thailand’s benchmark stock index has outperformed most of Southeast Asia since the start of 2015, but analysts are divided on whether the market remains attractive.

The SET index rose over 6 percent in the first four weeks of the year, following a 15.3 percent surge in 2014. That leaves it ahead of a 5.2 percent gain in the Philippines, and a rise of nearly 2 percent in Southeast Asian peers Singapore and Malaysia, and a 0.5 percent rise in Indonesia’s Jakarta Stock Exchange Composite index. Only Vietnamese shares managed to outrun Thailand, with a near 7 percent jump.

Hopes that a 60 percent fall in crude oil prices could be a boon for Thailand have been driving the local bourse, which was trading near the key 1,600 level on Friday.


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