The Stock Exchange of Thailand (SET) main index ended February at 1,587.01 points, up 0.4 percent from a month earlier, or up 6 percent from end-2014, in spite of concerns over Greece’s debt and Thai listed companies’ performance in the final quarter of last year. Meanwhile, the combined average trading value of SET and mai doubled to THB 59.51 billion (approx. USD 1.8 billion), while the market capitalization of SET was THB 14.86 trillion and mai was THB 452.53 billion. As a result, as of February, 2015, Thai bourse’s market capitalization surpassed Bursa Malaysia’s, as such ranking second in ASEAN.
Key highlights for February
Securities
- SET Index closed at 1,587.01 points at the end of February, up 0.4 percent from the end of January, or up 6 percent from the end of 2014.
- At the end of February, the combined market capitalization of SET and mai increased continuously from a month earlier: the SET’s was THB 14.86 trillion, up 1.04 percent from a month earlier, or up 7.27 percent from end-2014, while mai’s was THB 452.53 billion, up 12.02 percent from a month earlier, or up 18.13 percent from end-2014. The combined market capitalization of SET and mai recorded higher than Bursa Malaysia’s and can therefore be considered as ranking second in ASEAN, after SGX’s.
- The forward P/E ratio of SET was 15.22 times, while mai’s was 23.25 times.
- The dividend yield of SET was 2.82 percent, while mai’s was 0.58 percent.
- In February, the combined average trading value of SET and mai was THB 59.51 billion, more than double the value of the same period last year.
- Foreign investors were net sellers of equity market, worth THB 6.64 billion.
- Listed companies on SET and mai raised funds through equity worth a combined THB 62 billion. In the primary market, THB 58.72 billion was raised from initial public offerings (IPOs) of three companies and one infrastructure fund on SET, while THB 3.25 billion was raised from the secondary market. From January to February 2015, the combined fundraising of listed companies on SET and mai was THB 72.05 billion, a 7.4 times jump over the same period of last year.
Derivatives
- In February, derivatives trading volume was 222,051 contracts, up 21 percent from a month earlier, mostly due to an increase in single stock futures, whose average trading volume was 132,252 contracts.
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