SET market report for February 2017

Wednesday 08 March 2017 11:09
- SET Index closed at 1,559.56 points, up 1.1 pct from end-2016.

- Average daily securities trading value at THB 52.24 bln, rising 24.96 pct y-o-y

- Market cap at THB 15.7 trillion, a 1.1 pct rise from end-2016

The Stock Exchange of Thailand (SET) Index ended February at 1,559.56 points, up 1.1 percent compared to the end of 2016. The key factor affecting global market sentiment in February was the major economic recovery, resulting in higher returns on major markets and commodities. Foreign investors remained net buyers with trading in Thai shares in the first two months of 2017 with ongoing inflows from last year.

At the end of February, the combined market capitalization of SET and Market for Alternative Investment (mai) was at THB 15.7 trillion (USD 447.86 billion), a 1.1 percent increase from the end of last year. The average daily trading value of SET and mai in February was THB 52.24 billion, rising 24.96 pct y-o-y.

Key highlights for February

Securities:

- SET Index ended February at 1,559.56 points, up 1.1 pct from end-2016.

- Market capitalization of SET was at THB 15.34 trillion, up 1.75 percent from end-2016, while market valuation of mai was at THB 331.51 billion, down 22.06 percent from end-2016.

- Forward P/E ratio of SET was 15.10 times, while mai's was 36.16 times.

- Dividend yield ratio of SET was at 3.01 percent at the end of the month, while mai's was at1.44 percent.

- In February, average daily trading value of SET and mai rose 24.96 percent from the same period a year earlier to THB 52.24 billion, and a total of THB 55.39 billion for the first two months of 2016, up 28.58 percent from the same period a year earlier.

- Foreign investors were net sellers of Thai shares in February at THB 3.75 billion, while having bought net THB 2.45 billion in shares during Jan-Feb.

- In February, listed companies raised funds through equity worth a combined THB 2.83 billion, consisting of THB 1.71 billion from the primary market and THB 1.12 million from the secondary market. For the first two months, the total fund raised was worth a combined THB 18.28 billion.

Derivatives:

- The average derivatives trading volume was 274,258 contracts per day in February, and an average of 293,203 contracts for the first two months, rising 2.81 percent from the average daily trading volume in 2016, mostly from the increasing transactions of Single Stock Futures.

For more information, please visit www.set.or.th/setresearch .