The Market for Alternative Investment (mai), under The Stock Exchange of Thailand (SET), reveals that its daily trading value has hit over THB 1 billion for 50 working days so far this year, a record number of days since it was established in 1999, while mai’s market capitalization exceeded the one-hundred-billion-baht level.
At the end of September, mai’s market capitalization marked an all-time high of THB 104.73 billion (approx. USD 3.38 billion), up 35.47 percent from the end of 2011, while its daily average trading value hit a record high of THB 877.46 million. The rise in market value stems from existing securities (89 percent) and six new stocks listed this year (11 percent). Since mai was established, 11 companies were able to grow from mai to the extent that they qualified to list on the main board. The current market capitalization of these 11 firms was worth a combined THB 30.65 billion.
Daily trading value of mai hit the highest level since its founding of THB 5.13 billion on September 20, 2012.
“The rise of trading value was from three major factors: first-half good performance, promotion of using warrants, and new listing from six companies which got warm welcomes from investors. From January to September, mai-listed companies, including new listings, raised a total THB 3.4 billlion, the highest annual value of fund raised since mai started trading,” said Chanitr Charnchainarong, SET executive vice president and mai president.
For more information, please visit www.mai.or.th and www.settrade.com.
