Re­tail in­vestors flee Thai ex­change for fu­tures mar­ket

The Myanmar Times - - International Business -

THE re­tail in­vestor por­tion of the Stock Ex­change of Thai­land (SET) was re­duced to around 37.2pc at year-end 2018 as in­vestors switched from stock trades to in­vest­ment in single stock fu­tures and other de­riv­a­tives on the Thai­land Fu­tures Ex­change (TFEX).

This is the first time the por­tion of re­tail in­vestors on the SET reg­is­tered be­low 40pc. Re­tail in­vestors made up 45-46pc in 2017.

Trad­ing on the TFEX rose by 31.5pc year-on-year, with daily trad­ing in­creas­ing from 324,217

CHINA is ex­pected to at­tain its eco­nomic growth tar­get of 6.5 per­cent with the eco­nomic ag­gre­gate reach­ing 90 tril­lion yuan in 2018, said Ning Jizhe, head of the Na­tional Bureau of Statis­tics, in an in­ter­view with CCTV on Mon­day.

“2018 was an ex­tra­or­di­nary year; although the global and do­mes­tic en­vi­ron­ment was com­plex and fluc­tu­at­ing, China’s eco­nomic op­er­a­tion still main­tained smooth and sta­ble growth,” Ning said.

The 6.5 per­cent growth rate is one of the fastest among big economies, Ning said.

China’s eco­nomic ag­gre­gate sur­passed 82 tril­lion yuan in 2017, and is ex­pected to hit 90 tril­lion yuan in 2018, an in­crease of 8 tril­lion yuan, and the in­cre­ment ac­counts for nearly one third of global growth, ac­cord­ing to Ning.

The in­vest­ment in agri­cul­ture, en­vi­ron­ment and wa­ter con­ser­vancy rose 10 per­cent and 20 per­cent in 2018, Ning said.

The pro­por­tion of con­sump­tion up­grad­ing projects is in­creas­ing; China’s En­gel co­ef­fi­cient, a in­di­ca­tor to mea­sure res­i­dent con­sump­tion struc­ture, is close to de­vel­oped coun­tries’ uni­form pa­ram­e­ter; and the ser­vice con­sump­tion rose fast with tourism, cul­ture and sport see­ing a big growth, said Ning.

Ning said the Na­tional Bureau of Statis­tics will hold a news con­fer­ence on Jan 21 to re­lease China’s 2018 eco­nomic data.

Photo: China Daily

A worker tests the tem­per­a­ture of molten steel at a steel plant in Dalian, Liaon­ing prov­ince.

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