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.