Thailand News Breaking News

Thailand’s Futures Exchange Expects Trading to Slow

Sept. 4 (Bloomberg) — Thailand Futures Exchange, the bigger of the country’s two futures bourses, expects trading to slow as the stock market rally reduces the need for hedging.

Trading on the bourse may drop to about 10,000 contracts a day in the second half from 10,678 in the first six months, Kesara Manchusree, the futures exchange’s managing director, said in an interview today. The average daily volume jumped 63 percent in the first half, boosted by record trading of 16,542 contracts a day in June, she said.

“Individual investors prefer to directly invest in equity securities now because they have more confidence in the stock market,” Kesara said. “The demand for hedging instruments surged in the second quarter because they were unsure the rally would be sustainable and the market was very volatile.”

Facebook Notice for EU! You need to login to view and post FB Comments!

The main purpose of Thailand News is to offer our readers all news from the most popular and trusted newspapers in Thailand & Asia in one place.

Get breaking news and the latest news headlines from Bangkok, Phuket, Pattaya, Chiang Mai, Northern Thailand, Isan, the insurgency-plagued South and Asia.

You May Also Like

More From Author

+ There are no comments

Add yours