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Bangkok Post
Bangkok Post
Business

SET index fluctuates amid uncertain political outlook

Pita Limjaroenrat EC MFP the Constitutional Court Move Forward Party Stock Market

The Thai stock market switched from gains in the morning session to losses in afternoon trade on Wednesday after the Election Commission (EC) decided to send Move Forward Party (MFP) leader Pita Limjaroenrat’s iTV shareholding case to the Constitutional Court for final judgement.

The EC on Wednesday morning also asked the court to order Mr Pita to stop performing his duty as an MP immediately, until there is a decision by the court in the next three days as to whether to accept the case for consideration. The resolution came one day ahead of the joint sitting of the House and Senate to select a new prime minister.

The Stock Exchange of Thailand (SET) index wavered on Wednesday, rising by 10 points to 1,507.91 early after the EC resolved to refer the case to the Constitutional Court to adjust Mr Pita’s status.

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