• Daily average stock trading volume up 18.8 pct m-o-m, 1.42 pct y-o-y
• Derivatives trading at 50,436 contracts per day, highest in 7 months
• Market cap at THB 9.54 trillion, down 6.5 pct from April
The Stock Exchange of Thailand’s (SET) securities trading volume in May rose 18.8 percent from the previous month and up 1.42 percent from a year earlier. Market sentiment in May was hit by Greek and French political worries, concerns of financial institutions’ stability in Spain and Italy, and China’s sluggish economic data.
However, Thailand’s financial system should be still resilient to the Euro economic crisis due to the country’s strong international reserves and liquidity of Thai banks.
At the end of May, the SET main index was at 1,141.50 points, down 7.08 percent from the previous month, but it rose 11.33 percent from the end of 2011, making it Asia’s third best performer, after Vietnam and the Philippines.
Key highlights for April
Securities
- Combined average daily trading volume of SET and Market for Alternative Investment (mai) was at THB 33.12 billion (approx. USD 1.04 billion), up 1.42 percent from a year earlier, and 18.75 percent from April.
- Market capitalization of SET was at THB 9.54 trillion (USD 301 billion), down 6.46 percent from April, and market valuation of mai was at THB 79.51 billion (USD 2.51 billion), down 19.23 percent from the previous month.
- Forward P/E ratio for SET was at 11.72 times, down from 12.81 at end-April, and down from 12.44 a year ago. mai’s forward P/E ratio increased to 11.50 times from 10.53 a year ago, but down from 12.38 at the end of April.
- Foreign investors were net sellers, the first month of net sales this year after being net buyers for the fifth straight month. They sold Thai shares worth a net THB 14.70 billion (USD 463 million) in May. Since the start of this year, foreign trading accounted for 24.32 percent of total trading volume.
- Listed companies raised funds through equity worth a combined THB 18.35 billion (USD 579 million) in May. Of that, THB 2.94 billion (USD 92.9 million) was from initial public offerings (IPOs), and THB 15.4 billion (USD 486 million) was from secondary equity offerings. In the first five months of this year, a total of THB 57.62 billion (USD 1.82 billion) was raised through the Thai stock market, up 6.08 percent from a year earlier.
Derivatives
- - Derivatives trading volume rose 45.95 percent from a month earlier to an average of 50,436 contracts per day, the highest level in seven months since November 2011, supported by rising trading most of all products.
- Trading of SET50 Index options and gold futures rose sharply in May. Average daily trading of 50-baht gold futures and 10-baht gold futures surged from a month ago to 4,947 and 12,876 contracts, respectively.
For more information, please visit www.set.or.th.