SET index remains distorted.
The Thai stock exchange (SET) for some long time already, remains dominated by a very few big cap. stocks (mostly 1) which all but dominate trading volume galore and it's index movement. Today, at noon, as so often this uber- by far most active stock, is up 7.8% ... trading 3.2 times more in Baht volume then the next most active stock.
The SET benchmark index rocks up (and down) mostly around this, while almost all else is ignored. All the while SET officials acclaim how their stock market is doing so well this year.
Paul A Renaud.
www.thaistocks.com
