Stock Exchange of Thailand (SET) .BK


DEFINITION of 'Stock Exchange of Thailand (SET) .BK'

The securities trading center in Thailand. Along with its regulator, Thailand's own Securities and Exchange Commission, the SET is designed to encourage public investment in local industries through information dissemination, investor education, securities listing and trading, and oversight of listed companies. Opened in 1975 as the Securities Exchange of Thailand under legislation passed in 1974, its name changed to the Stock Exchange of Thailand in 1991.

BREAKING DOWN 'Stock Exchange of Thailand (SET) .BK'

Thailand's stated goals in establishing a securities market were to mobilize capital for national economic development and industrialization. The precursor to the Stock Exchange of Thailand was the privately owned Bangkok Stock Exchange. Established in 1962, it was the country's first official, regulated stock market. However, it saw little trading activity and eventually failed in the early 1970s because of limited investor understanding of the stock market and weak government support.

  1. Security

    A financial instrument that represents an ownership position ...
  2. Stock Market

    The market in which shares of publicly held companies are issued ...
  3. Shareholder

    Any person, company or other institution that owns at least one ...
  4. Exchange

    A marketplace in which securities, commodities, derivatives and ...
  5. Listed Security

    A financial instrument that is traded through an exchange, such ...
  6. Investment

    An asset or item that is purchased with the hope that it will ...
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