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The Stock Exchange of Thailand (SET) announces to add 29 underlying stocks ranked 51-100 in the SET100 index for derivative warrants (DW), plus to expand DW with underlying indices covering SET Index series and exchange-traded funds (ETFs), from August 1.
SET Executive Vice President Kesara Manchusree said that the underlying stocks to be added have had an average market capitalization during the past four quarters of at least THB10 billion (approx. USD 323 million). The list of underlying stocks will be revised quarterly and announced within five working days after the end of each quarter.
The stocks to be added on August 1 are AAV, AMATA, AP, BCH, BECL, BLAND, DCC, ESSO, HEMRAJ, ITD, LPN, MAJOR, MBK, MCOT, QH, ROJNA, SC, SIRI, SPALI, SSI, STA, STEC, STPI, THCOM, THRE, TISCO, TPIPL, TTA, and TVO. Including all of the underlying stocks in SET50 index, SET’s DWs will have a new total of 79 underlying stocks.
In addition to the above expansion, trading in DWs was improved on July 2 by lengthening ticker symbols to 12 letters to include the last trading date for that particular DW, enabling investors to easily indentify the allowed trading period of a given set of DWs. In the near future, SET should be able to shorten the DW listing period to 3 days from 15 days, subject to endorsement from the Securities and Exchange Commission, Kesara said.
“There were 407 DWs launched in the first half of this year from 11 issuers, worth a combined THB 109 billion, or 1.54 percent of the total trading value in the Thai stock market. DWs have grown strongly since 2009, when the first lot had only three DWs, or 0.02 percent of the total trading value in the whole market,” Kesara added.
For more information, please visit www.set.or.th
