Thai trading simulation competition attracts 16,000 applicants

ข่าวทั่วไป Wednesday September 26, 2007 10:39 —PRESS RELEASE LOCAL

Bangkok--26 Sep--SET The Stock Exchange of Thailand (SET) and SETTRADE.Com Co., Ltd. (SETTRADE) are co-hosting SET Click2WIN: Thailand Stock Simulation, which has attracted 16,000 applicants, as of September 24, far surpassing the target of 12,000. Promotional campaigns have surged increasing interest in stock trading from people nationwide. In the competition’s most recent round, one player made 32% returns on his initial investment. SET Click2WIN: Thailand Stock Simulation, which started in April this year, is an investor base expansion strategy, aimed at familiarizing people with internet trading, SET Senior Vice President Mr. Kengkla Ruckphaopunt said. “SET and SETTRADE have organized a number of educational activities, including the five Online Traders Get-together events held across the country, workshops in collaboration with Thailand Securities Institute and brokerage firms, and providing learning materials on www.settrade.com and www.set.or.th. Interested persons can apply to join the current competition up to the end of September,” Mr. Kengkla added. As of August 31, 2007, there were a total of 130,910 internet trading accounts. Internet trading in Thailand totaled THB 83,474 million a month in 2007, or 12% of all trading. This year’s online daily trading is nearly twice last year’s. Promotional activities like SET Click2WIN have yielded great results, SETTRADE CEO Ms. Chanisa Chutipat said. “The simulation has raised the awareness and participation of investors, who currently have standard or internet trading accounts, and novices, who do not have accounts but would like to gain experience in online-trading. Of the total novices, 70% of them are from the general public and the remainder are students. During a pre-competition event on Aug. 27 - Sep. 14, about 7,000 players participated, and some novices made twice as much as established investors. The top novice achieved a 32% return, while the top investor made 16%. Total turnover during the 3-week period was 2.7 billion shares worth THB 16 billion, averaging THB 3 million per person, or about THB 200,000/person/day,” Ms. Chaisa elaborated. The game will run from October 1 - November 30, 2007, and results will be announced in December. The competition offers about 200 prizes totaling worth THB 3 million. To apply to play SET Click2WIN: Thailand Stock Simulation or obtain more details, please visit www.settrade.com/click2win. For more information, please call SET Call Center 0 2229-2222

แท็ก thailand   settrade   Bangkok   nation   TOT  

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