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Thai stocks surge 4.69% on election result

07-04-2011 19:19 BJT Special Report:Yingluck to become Thailand’s 1st female PM |

BANGKOK, July 4 (Xinhua) -- The Stock Exchange of Thailand (SET) index on Monday moved up 48.80 points, or 4.69 percent to close at 1,090.28 points.

Some 8.57 billion shares worth 63.11 billion baht (2.05 billion U.S. dollars) changed hands.

Analysts said the SET rebounded becasue the investors are more confident in Thai politics after learning the initial election result.

Fugitive ex-PM Thaksin Shinawatra's Pheu Thai Party won more than half of the House of Representatives in Thailand's general election held on Sunday. This led to the formation of a strong coalition government of five parties, composed of about 60 per cent of the House seats.

Editor:Xiong Qu |Source: Xinhua

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