Confidence on the stock market, Thai stocks trading at all-time high

It was not only Wall Street that experience notable highs on the stock markets after stocks right across Southeast Asia climbed today.

This was partially due to confidence in stocks as a whole thanks to another bumper day of trading on the US stock market last Friday.

Thailand stocks traded especially well reaching a new all-time high.

The S&P 500 and Nasdaq both continued their impressive streak, both registering their eight record high out of nine days trading so far this year when the closing bell rung.

Confidence on the stock market, Thai stocks trading at all-time high

Stocks from the Philippines gained a 0.9 percent increase boosted by trading of real estate and industrial stocks.

It was however Thai stocks which once again caught the eye growing by an impressive 1 percent in their continuing rise so far this year, the growth attributed to energy and financial sectors here in the kingdom.

The oil and gas conglomerate PTT PLC reached a new all-time high while the kingdoms popular Siam Commercial Bank is now on track for its fourth straight gain in a row and hitting a nine-month high.

For all those dipping a toe into trading stocks it might be time to consider purchasing some Thai stocks if things keep going the way they are.

Source : Reuters

Content : LovePattayaThailand


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