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Thailand Stock Exchange

 

 

Thailand Stock Exchange

The Stock Exchange of Thailand (SET), formerly known as the Securities Exchange of Thailand (also SET), is a juristic entity serving as the national stock exchange of the said country. SET was first established through the Securities Exchange of Thailand Act, B.E. 2517 in the year 1974. The Stock Exchange of Thailand began trading shortly a year after its establishment, on 30 th of April 1975.

The agency was first named as The Securities Exchange of Thailand before getting a name-change in January of 1991 when it was officially called “The Stock Exchange of Thailand”, or SET. The juristic entity was created to serve as a trading center and to promote financial planning to its members.

 

Aside from serving as a trading center, the Security Exchange Act of 1992 mandated SET to create and operate a system that would smooth the progress of securities trading. The Agency is also tasked to carry out all Security Exchange-related businesses like the depository center and registrar of securities and others. The specific functions of the Stock Exchange of Thailand include market surveillance, trading, securities listing, and supervision of its member companies.

 

Stock Exchange in Thailand

SET member supervision includes management of member company’s data, business information dissemination, and market guidelines or updates.

 

The office of the Stock Exchange of Thailand is strategically located in the country’s capital, Bangkok, making it accessible to business people needing their services.

 

Over the years, SET has helped a lot of businesses expand—local and foreign investments alike.

 

At the end of the year 2007, SET registered a total of 523 companies with $197 billion combined market capitalization.

 

The numbers grew in the succeeding years, reaching 561 registered companies by the end of 2009 and at 566 towards the third quarter of 2010.

 

The yearend tally for 2010 is yet to be released. At the end of the third quarter of 2010, SET’s Top 15 List of Largest Public Companies included:

 

Advanced Info Service, Bangkok Bank, Bank of Ayudhya, Banpu Public Company Ltd., Charoen Pokphand Foods, CP ALL, Indorama Ventures, Kasikor Bank, Krung Thai Bank, PTT, PTT Chemical, PTT Exploration and Production, Siam Cement, Siam Commercial Bank, and Thai Oil.

 

Meanwhile, SET’s list of international members includes: Asian and Oceanian Stock Exchanges Federation, or AOSEF, which joined in 1982;

 

World Federation Exchange, or WFE, which signed up as full member in 1990; and the International Organization of Securities Commissions, or IOSCO,

Thailand Stock Exchange
 

which signed up in 1990 and became full member of the Securities and Exchange Commission (SEC) in 1992.

 
 

  

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