SET market report for October 2017

Stocks and Financial Services Press Releases Tuesday November 7, 2017 17:43
Bangkok--7 Nov--SET
  • SET Index closed at 1,721.37 points, up 11.6 pct from end-2016
  • Average daily securities trading value up slightly to USD 1.9 bln,
  • Market cap at THB 17.4 trillion (USD 512 billion), a 12 pct rise from end-2016
  • Average derivatives trading rose to 449,542 contracts/ day.

The Stock Exchange of Thailand (SET) Index gained 11.6 percent from the end of last year and 2.9 percent from the end of September to 1,721.37 points at the end of October. Thailand Futures Exchange (TFEX) average derivatives trading volume was 449,542 contracts per day, rising 22.4 percent year-on-year.

SET Senior Executive Vice President Pakorn Peetathawatchai said the higher SET Index in October was in line with other Asian markets' stock movement, propelled by optimism over third quarter's earnings, while the average derivatives trading volume, especially Single Stock Futures, rose year-on-year.

Key highlights for October
Securities:
  • In October, foreign investors sold a net THB 7.12 billion of Thai shares, while being net buyers at THB 1.83 billion during January-October. The 10-month foreign buying was in the same direction as the foreign net buying in Thai bonds since the beginning of this year.
  • SET Index ended October at 1,721.37 points, up 11.6 percent from end-2016. Four industry groups that outperformed SET Index were Industrials, Services, Resources and Technology.
  • Forward P/E ratio of SET was 17.08 times at end-October, while historical P/E ratio stood at 18.56 times. Both forward and historical P/E ratios of the Thai stock market were higher than the average ratio of Asian stock markets' forward and historic P/E at 15.58 times and 16.95 times, respectively.
  • Dividend yield ratio of SET was 2.85 percent at end October, above Asian stock markets' average ratio of 2.56 percent.
  • A combined market capitalization of SET and Market for Alternative Investment (mai) was THB 17.4 trillion (USD 512 billion) at the end of October, rising 12.1 percent from the end of 2016.
  • The average daily trading value of SET and mai in October amounted to THB 64.62 billion (USD 1.9 billion), up 1.7 percent over the same period a year before. The average daily trading value for the 10-month period from January to October was THB 49.03 billion, down 7.2 percent from the same period a year earlier.
Derivatives: