Sharp rise in online trading on stock market
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published : 11 Jan 2021 at 04:30
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Online accounts trading on the Thai stock market nearly doubled last year in line with global trends, due to lower commissions and greater convenience as well as overall increased trading volume following the pandemic.
According to data from the Stock Exchange of Thailand (SET), there were 11.4 million accounts trading online in 2020, or 34.4% of total market turnover, up from the previous year s total of 6.82 million accounts or 25.3% of the total market trading volume.
In 2020, the SET recorded total trading value of 16.4 trillion baht, up 27% from 2019, and its average daily turnover was 67.3 billion baht, up 28.3% from the previous year s daily trade volume of 52.5 billion.