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- Average daily securities trading value jumped 17.85 pct m-o-m to USD 1.27 bln
- Derivatives trading rose 8.04 pct m-o-m to 214,350 contracts per day
- Foreign investors sold a net USD 1.2 bln in August
The Stock Exchange of Thailand (SET) main board in August fluctuated, affected by internal and external factors, which were an explosion at the Ratchaprasong intersection in central Bangkok, Thailand’s cabinet reshuffle, China’s Yuan depreciation and global capital outflows, plunging the index to the month’s lowest point at 1,296.18 and bouncing back to 1,382.41 at the end of August, making it ASEAN’s best performer in August with 4 percent drop from end-July. Meanwhile, the main index decreased 7.7 percent from end-2014 as same direction as other Asian markets.
The combined market capitalization of the SET’s main board and Market for Alternative Investment (mai) was at THB 13.40 trillion (USD 373 billion) at the end of August, while combined average daily securities trading value of the SET’s main board and mai in August jumped 17.85 percent from end of July to THB 45.6 billion (USD 1.27 billion).
Moreover, the net buy of Thailand domestic equity fund has surged to THB 5.37 billion from THB 55 million a month earlier, mainly stemming from an increase in long-term equity funds (LTF). This popularity was partly due to SET’s marketing activities promote LTF investment through seminars and training.
Key highlights for August
Securities
- Market capitalization of SET was at THB 13.06 trillion (USD 362.7 billion) at the end of August, a 5.72 percent drop from end-2014, while market valuation of mai was at THB 340.8 billion (USD 9.5 billion), down 11.04 percent from the end of 2014.
- Forward P/E ratio for SET was at 14.6 times, while mai's was at 27.34 times.
- Dividend yield for SET was 3.23 percent, while mai's was 1.26 percent.
- The combined average daily securities trading value of SET and mai jumped 17.85 percent from a month earlier to THB 45.6 billion, but dropped 10.53 percent year-on-year.
- Foreign investors were net sellers in the equity market, worth a net THB 44.14 billion (USD 1.2 billion).
- Listed companies on SET and mai raised funds through equity worth a combined THB 3.6 billion (USD 99.6 million) in August, of which THB 1.87 billion was raised from initial public offerings and THB 1.72 billion from the secondary market. Total fundraising in the past eight months was at THB 205 billion, a 52 percent jump from August 2014.
Derivatives
- Derivatives daily trading volume rose 8.04 percent from a month ago to an average of 214,350 contracts per day, mainly from the increase in SET50 index futures trading which rose 41.74 percent from end-July to an average of 135,523 contracts per day, while SET50 Options trading rose 52.26 percent from a month earlier.
In the first eight months, the derivatives average daily trading volume rose 33.52 percent from end of 2014 to an average of 196,307 contracts per day.
For more information, please visit www.set.or.th/setresearch .
