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Bangkok Post
Bangkok Post
Business

Brokerages announce downbeat outlook

An investor checks an electronic display of stock indices at a brokerage. Pornprom Satrabhaya

The total value of securities traded on the Stock Exchange of Thailand is expected to decrease this year from 2022 as concerns about the global economic slowdown and US interest rate hikes affect investor confidence, says the Association of Securities Companies (Asco).

Chairman Pichet Sitthi-Amnuai said Asco anticipates the securities industry will not perform well this year as trading activity on the local bourse could weaken. As a result, brokers that rely on fees could be negatively affected, said Mr Pichet.

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