ECONOMY ‘STILL NEEDS REFORM’ SET has stabilised, says Pichai

>>The Thai stock market has now stabilised and there is no need for additional measures to stimulate it, Finance Minister Pichai Chunhavajira said.

- WICHIT CHANTANUSORNSIRI

He made the remarks at Thailand's Capital Market Forum seminar held yesterday at the Stock Exchange of Thailand (SET).

Mr Pichai said the stock market should be allowed to operate based on its fundamentals - the basic principles of buying and selling shares - and added that retail investors are now returning.

"The Thai stock market has now reached a steady state. Nothing can make people panic or flee the market.

"Measures will be introduced only when necessary," said Mr Pichai, who is also Deputy Prime Minister.

He said the SET Index had dropped from 1,700 points two years ago to around 1,200 at present.

Pichai: Re investors While the stock market initially plunged more sharply than those in other countries earlier this year, it later rebounded, particularly after the US imposed reciprocal tariffs on other nations.