- Average daily securities trading value rose 25.7 pct m-o-m to THB 52.6 bln
- Market cap at THB 13.73 trillion, up 5.4 pct from February
- Foreign investors became net buyers in Q1/2016 after being net sellers since Q4/2014
- Derivatives trading jumped by 36.36 pct m-o-m to 261,629 contracts per day
The Stock Exchange of Thailand (SET) Index ended March, 2016 at 1,407.70 points, up 5.7 percent from end-February and up 9.3 percent from end-2015, considered outperforming other exchanges in the region, underpinned by domestic and external factors which were the capital inflow in riskier assets after the launch of European Central Bank's monetary easing; the Federal Reserve meeting implying a slower pace of rate hikes; the rising global crude oil prices; as well as investors' hopes of government economic stimulus end of March which were favorable to securities prices in just about every sector. As a result, foreign investors bought a net of THB 18.40 billion worth of shares in Quarter1/2016, becoming net buyers in Thai stocks for the first time since it kept selling from Quarter4/2014, while having bought a net of THB 26.53 billion in March.
At the end of March, the combined market capitalization of the SET's main board and Market for Alternative Investment (mai) was at THB 13.73 trillion (USD 389.04 billion), a 5.4 percent increase from a month earlier. The average daily trading value of SET and mai in March was THB 52.56 billion, jumping to 25.7 percent from a month earlier.
Key highlights for February
Securities:
- SET Index ended March at 1,407.70 points, up 9.3 percent from end-2015 and rising by 5.7 percent from a month earlier, beating other peers across the region.
- Market capitalization of SET was at THB 13.41 trillion (USD 379.80 billion), up 9.15 percent from end-2015 while market valuation of mai was at THB 326.12 billion (USD 9.24 billion), up 0.82 percent from end-2015.
- Forward P/E ratio of SET was 14.93 times, while mai's was 24.47 times.
- Dividend yield ratio of SET was 3.28 percent at the end of the month, while mai's was 1.29 percent.
- In March, average daily trading value of SET and mai rose 25.73 percent from a month earlier to THB 52.56 billion (USD 1.49 billion).
- In Quarter1/2016, foreign investors became net buyers in Thai stocks for the first time since Quarter4/2014 as they bought a net of THB 26.53 billion in March.
- Listed companies raised funds through equity worth a combined THB 2.47 billion, consisting of THB 1.36 billion from the primary market and THB 1.12 billion from the secondary market.
Derivatives:
- Derivatives trading volume rose 36.36 percent from a month earlier to an average of 261,629 contracts per day, mostly due to the increasing transactions of SET50 Index Futures, SET50 Index Options and Single Stock Futures.
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