In calculating the SET100 Index, the securities prices on April 30, 2005 will be used as the base value, and the base index will start at 1,000. The SET100 Index and its daily movements will be disseminated starting from May 3 onwards, through all channels e.g. newspapers, TV, radio, the SET’s website, www.set.or.th, SETTRADE.Com’s website, www.settrade.com, and the subscribed online information service on www.setsmart.set and www.setsmart.com.
“The SET100 Index includes 100 large- to medium-scale firms whose stocks are liquid and have appropriate share distributions. As of April 8, 2005, the total trading value of the listed companies in the SET100 Index represented 72% of the total market turnover, while their market capitalization represented 80% of the total market.
“Therefore, the SET100 Index better reflects an overview of the Thai capital market than before, as well as encouraging more investment in small- and medium- sized companies. The listed companies themselves, meanwhile, can use the Index as a benchmark useful for their Investor Relations work,” said Mr. Sethaput
As he went on, “In considering the appropriateness of the eligible securities, the SET has appointed the Index Committee to be responsible for the screening. The SET100’s list has been based on similar selection criteria to the SET50 Index. From data collected between December 1, 2003 – November 30, 2004, eligible securities must have had high monthly trading values when compared to the total average monthly turnover value per stock in the same month. Also, they must have been listed for no less than 6 months, and have their share distribution to retail shareholders (free-float distribution) higher than 20% of their paid-up capital. Finally, they must not have been suspended for an extended period of time, nor subject to delisting.”
The SET50 list will remain effective. Around June 15, the SET will adjust and announce its lists for SET50 Index and SET100 Index to be used for 2H/2005.
