New SET chief vouches for market quality amid Pheu Thai dissolution risk

Thai bourse aims to court new health care, auto supply chain listings, Kongsiri says

20241030 Asadej Kongsiri 1

Asadej Kongsiri became president of the Stock Exchange of Thailand in September, taking over the bourse as it recovers from a 15.2% fall of its benchmark index last year. (Photo by Adryel Talamantes)

FRANCESCA REGALADO, Nikkei staff writer

BANGKOK -- The Stock Exchange of Thailand will focus on courting new listings in the country's most competitive industries, such as health care and the automotive supply chain, as well as improving shareholder value at listed companies in an effort to shield the bourse from domestic political uncertainties that have emerged in recent weeks, its new president said.

The SET's main index has been on a downward trend since Oct. 21, after the Election Commission accepted a petition to dissolve the ruling Pheu Thai party. It nearly breached 1,500 points, the highest level in a year, on Oct. 17, following a surprise interest rate cut by the Bank of Thailand.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.