The Gold Traders Association said that gold prices have been rising during the Water Festival holiday.
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Gold Prices to Rise During Water Festival
At the end of 2009, real GDP was back at pre-crisis levels, as measured in seasonally adjusted terms.
However, the upside is limited due to political and regulatory uncertainty, including from possible political violence and the Map Ta Phut court case. The government investment plan is proceeding at a slow pace, but public investment should contribute to growth.
There has been a massive outflow from China, particularly into energy and resources. The more savvy Thai companies are increasingly tailoring their investor relations strategies to the changes in power in the markets.
There is a growing split in terms of family-run companies. There are those still dominated by the older generation, who are still conservative and don’t want to do much. And there are firms led by the younger generation, who are more active about transparency and investor relations.
The modern Thai capital market can essentially be divided into two phases, beginning with “The Bangkok Stock Exchange” which was privately owned, followed by the establishment of “The Securities Exchange of Thailand”.
The inception of the Thai stock market began as far back as July 1962, when a private group established an organized stock exchange as a limited partnership. The group later became a limited company and changed its name to the “Bangkok Stock Exchange Co., Ltd.” (BSE) in 1963.
Despite its well-intended foundation the BSE was rather inactive. Annual turnover value consisted of only 160 million baht in 1968, and 114 million baht in 1969. Trading volumes continued to fall sharply thereafter to 46 million baht in 1970, and then 28 million baht in 1971. The turnover in debentures reached 87 million baht in 1972, but stocks continued to perform poorly, with turnover hitting an all time low of only 26 million baht. The BSE finally ceased operations in the early 1970s.
It is generally accepted that the BSE failed to succeed because of a lack of official government support and a limited investor understanding of the equity market.
