Thai Bourse Market Report For April 2016

SET Index at 1,404.61 points, up 9.1 pct from end-2015, highest in the region
Average daily securities trading value rose 3.0 pct y-o-y to THB 43.7 bln.
Market cap at THB 13.7 trillion, up 8.7 pct from end-2015
Foreign investors bought a net THB 12.7 bln so far this year, while being net sellers in April.
Derivatives trading jumped by 8 pct y-o-y to185,463 contracts per day.

The Stock Exchange of Thailand (SET) Index was on the rise in April and recorded its highest level of 2016 at 1,423.90 on April 21, underpinned by the increase in global commodity prices, especially crude oil prices which had jumped by 37.5 percent from end-2015. However, SET Index ended April 2016 at 1,404.61 points, dropped slightly 0.2 percent from end-March after The European Central Bank (ECB) and Bank of Japan (BOJ) had no additional economic stimulus package as markets expected. So far this year, the Thai stock market’s performance outperformed other markets in the region, especially in commodity-related sectors such as Energy, Petrochemicals & Chemicals and Food & Beverage, relative to the stronger baht.

At the end of April, the combined market capitalization of the SET and Market for Alternative Investment (mai) was at THB 13.7 trillion (USD 387.18 billion), a 8.7 percent increase from the end of last year. The average daily trading value of SET and mai in April was THB 43.71 billion, a 3 percent increase y-o-y.

Key highlights for April

Securities:

SET Index ended April at 1,404.61 points, up 9.1 percent from end-2015, beating other peers across the region, but dropping slightly by 0.2 percent from a month earlier.
Market capitalization of SET was at THB 13.37 trillion (USD 377.82 billion), up 8.89 percent from end-2015 while market valuation of mai was at THB 331.51 billion (USD 9.37 billion), up 2.48 percent from end-2015.
Forward P/E ratio of SET was 15.03 times, while mai's was 24.78 times.
Dividend yield ratio of SET was 3.35 percent at the end of the month, while mai's was 1.36 percent.
In April, average daily trading value of SET and mai rose 3 percent from a year earlier, but dropped 16.84 percent from a month earlier to THB 43.71 billion (USD 1.23 billion).
Foreign investors have bought THB 12.7 billion in shares since the beginning of 2016, while being net sellers in April at THB 5.7 billion.

Derivatives:

Derivatives trading volume rose 8.08 percent year-on-year to an average of 185,463 contracts per day.