SET market report for September 2017

Stocks and Financial Services Press Releases Thursday October 5, 2017 16:38
Bangkok--5 Oct--SET
  • SET Index recorded a 24-year high to 1,673.16 points
  • Average daily securities trading value at USD 1.83 bln
  • Market cap at USD 494 bln, a 8.4 pct rise from end-2016

The Stock Exchange of Thailand (SET) Index added 3.5 percent month-on-month to 1,673.16 points at the end of September, marking the region's second biggest gainer. Thailand Futures Exchange (TFEX) average derivatives trading volume was 504,362 contracts per day, surging 88.5 percent from the previous month.

SET Senior Executive Vice President Pakorn Peetathawatchai said SET Index's rise in September was in line with other emerging markets' stock movement. Exceptionally, the Thai benchmark index ended September at a 24-year high, while the average derivatives trading volume soared significantly - mainly bolstered by transactions of SET50 Index Futures and Single Stock Futures - reflecting investment confidence which was in line with the improved investor confidence index.

Key highlights for September
Securities:

· In September, foreign investors were net buyers of Thai shares at THB 6.59 billion, extending a net buy to THB 8.95 billion during January to September. The nine-month buying spree was in the same direction as the foreign net buying in Thai bonds since the beginning of this year.

· SET Index ended September at 1,673.16 points, up 8.4 percent from end-2016. Four industry groups that outperformed SET Index were Industrials, Technology, Services and Resources.

· Forward P/E ratio of SET was 16.75 times, while historical P/E ratio stood at 17.90 times. Both forward and historical P/E ratios of the Thai stock market were higher than the average ratio of Asian stock markets.

· Dividend yield ratio of SET was 2.95 percent at end-September, above Asian stock markets' average ratio of 2.65 percent.
· A combined market capitalization of SET and Market for Alternative Investment(mai) was THB 16.8 trillion (USD 494 billion), rising 8.4 percent from the end of 2016.

· The average daily trading value of SET and mai in September amounted to THB 62.19Billion (USD 1.83 bln), up 7.5 percent over the same period a year before. The average daily trading value for the nine months from January to September totaled THB 47.42 billion, down 8.2 percent from the same period a year earlier.

Derivatives:

· The average derivatives trading volume surged 88.5 percent from the previous month to 504,362 contracts per day in September, largely driven by the increase in transactions of SET50 Index Futures and Single Stock Futures. During January to September, the average daily trading volume also rose by 5.6 percent from the same period a year earlier to 301,051 contracts a day.


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