Kim Eng tops brokerage table
Kim Eng Securities led local brokers in October with 28.5 billion baht worth of transactions or 11.3% of total market turnover, according to the Stock Exchange
Ranked second was Seamico Securities with a 7.45% market share, followed by KGI Securities (6.9%), ABN Amro Asia Securities (6.35%), UBS Warburg
(4.43%), Merrill Lynch Phatra Securities, DBS Vickers, Capital Nomura Securities, Bualuang Securities and UOB Kay Hian Securities.
Total market turnover in October was 126.17 billion baht, up 39.8% from the previous month. Average daily turnover was 5.73 billion baht.
Foreign investors purchased 33.1 billion baht worth of securities in October, or 26.26% of total buy orders, and sold 33.53 billion, or 26.57% of sell orders.
Local institutional investors purchased 9.6 billion baht in securities, or 7.68% of total buy orders, and sold 6.9 billion, or 5.53% of total sell orders. Local retail
investors purchased 83.3 billion baht in securities, or 66% of total buy orders, and sold 85.67 billion, or 67.9% of total sell orders.
The most active issues on the main board in October were warrants of United Securities, with 4.04 billion baht or 8.36% of total market turnover, followed by
shares of Thai Farmers Bank, Kiatnakin warrants #4, Supalai Plc shares and United Securities shares.
Business confidence index down slightly
The business confidence index in September fell slightly to 49.5 from 50.9 in August, according to the Bank of Thailand.
It was the first time in six months that the index had slipped below 50 on a scale of 100, with respondents expressing concern about production costs being
pushed up by rising oil prices and a possible US-Iraq war.
The business performance confidence index fell to 53.5 in September from 56.8 in August. The index for number of orders fell to 45.1 from 46.0 while the
investment index fell to 53.5 from 54.8. The employment index fell to 51.2 from 53.2. Significantly, the production cost index increased to 42.9 from 42.4 while
the production output index fell to 50.3 from 52.1.
However, September was the 11th consecutive month in which respondents expressed optimism about the coming three months, with a score above 50. The
September figure was 54.5, down from 56.4. The business performance confidence index for the next three months was 60.3
The findings were based on a survey of 500 medium and large-scale businesses, of which 335 or 67.1% responded to the questionnaires.
SET disclosure rules under review
The Official Information Commission is reviewing a ministerial regulation governing the information disclosure requirements of the Stock Exchange of Thailand,
according to Visanu Krue-ngarm, a deputy prime minister and chairman of the commission.
Both the SET and the Thai Asset Management Corporation (TAMC) have been asked to outline what kinds of information they believe should be disclosed and
what kinds of information should remain protected.
The TAMC has been criticised by some MPs for a lack of transparency. The agency maintains that debt restructuring negotiations are delicate, and that debtors
are entitled to a degree of privacy while talks are under way.
Neither the SET nor the TAMC is governed by the Official Information Act, which applies to most other state agencies.
``I used to be a member of the TAMC. The agency did not feel comfortable disclosing some information as it did not know which information was of a sensitive
nature,'' said Mr Visanu.
He said there were similar concerns at the SET about company information that could be considered trade secrets and beyond the scope of routine financial
Foreign reserves increase by $300m
International reserves totalled $37 billion as of Oct 25, compared with $36.7 billion the week before, according to the Bank of Thailand.
The net forward position was -$400 million, compared with -$600 million the week before. Net claims on government were 64.2 billion baht, compared with 56.4
billion. Net claims on financial institutions were 155.6 billion baht, compared with 167.4 billion. Reserve money was 548.9 billion baht, up from 543.8 billion the