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- Daily average trading volume up 16 pct month-on-month to nearly USD 1 bln
- Market cap at USD 376 billion, up 4 pct from a month ago
- Derivatives trading up 62 pct month-on-month at 70,732 contracts per day
- Foreign investors reverse to be net buyers in March
The Stock Exchange of Thailand (SET) securities trading value in March rose from a month ago, but dropped from a year earlier, while the SET index rose almost 6 percent from the end of 2013, encouraged by easing concerns on economic stability of emerging markets, reviving on domestic political situation, and promising profit growth of listed companies.
The SET main index ended March at 1,376.26 points, up 5.97 percent from end-2013. Foreign investors reversed to be net buyers in March, purchasing THB 14.17 billion (approx. USD 436 million). They sold a net THB 20.71 billion of Thai stocks in the first quarter of 2014.
Combined average daily trading value of SET and Market for Alternative Investment (mai) was at THB 32.46 billion (USD 999 million), up 16.35 percent from a month ago, and down 52 percent from a year earlier, while daily trading volume of derivatives rose 61.69 percent from a month ago at 70,732 contracts per day.
Key highlights for March
Securities
- Market capitalization of SET was at THB 12.21 trillion (USD 376 billion), up 3.58 percent from the end of 2013, while market valuation of mai was at THB 177.96 billion (USD 5.48 billion), up 0.34 percent.
- The forward P/E ratio for SET was at 13.12 times, up from 12.49 a month ago, while mai's forward P/E ratio increased month-on-month to 15.87, from 14.00.
- The dividend yield of SET dipped to 3.13 percent from February, while mai's was down at 1.83 percent.
- Listed companies raised funds through equity worth a combined THB 17.85 billion (USD 549 million), in the first quarter, down 31 percent a year earlier, of which, THB 8.45 billion was raised from an initial public offering (IPO), and THB 9.40 billion was raised from the secondary market.
Derivatives
- Derivatives trading volume jumped 61.69 percent in March from a month earlier to an average of 70,732 contracts per day, due mainly to an increase of single stock futures. In the first quarter, trading volume was at a combined 56,415 contracts, down 26.85 percent from a year earlier
- Single stock futures’ daily trading volume was at 45,849 contracts on average, up 115.98 percent from a month earlier, while trading volume of SET50 Index Futures was at 17,234 contracts, up 14.45 percent from a month earlier.
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