Stock Exchange of Thailand (SET) Senior Executive Vice President Soraphol Tulayasathien said foreign funds were flown into the Thai stock market for the three-consecutive months in February due to the country's less exposure to Russia and Ukraine, and limited impacts from inflation in the short term on the Thai economy of which rebound is gaining traction. Furthermore, listed companies, especially those in the Services industry group, and tourism and leisure sector, are likely to benefit from country reopening in the near future. In February, foreign investors bought THB 61.34 billion (approx. USD 1.87 billion) net of Thai shares, the highest in 16 years. At end-February SET Index closed at 1,685.18 points, or a 2.2 percent rise from the previous month.
Key highlights for February
- SET Index ended February at 1,685.18 points, rising 2.2 percent from the previous month, trending in the same direction as other ASEAN exchanges.
- In the first two months of 2022, SET Index was driven by the industries that benefited from country reopening, with Services, Resources and Financials industry groups outperforming the benchmark Index when compared with year-end 2021.
- In February, the average daily trading value of SET and mai was THB 99.05 billion, up 5.0 percent from the same period a year earlier. Foreign investors dominated trading for the first month after COVID-19 pandemic spread in February 2020, accounting for 42.80 percent of total trading value.
- In February, IPO activities continued with one new company listed on SET: Peace and Living pcl (PEACE), and another one on mai: Premier Tank Corporation pcl (PTC).
- SET's forward P/E ratio was 18.1 times at end-February, exceeding the average ratio of other Asian markets at 13.5 times. The historical P/E ratio was 13.0 times, lower than the average ratio of other Asian markets at 16.0 times.
- The dividend yield ratio of SET was 2.64 percent at end-February, above Asian stock markets' average ratio of 2.36 percent.
Derivatives market
- In February, the derivatives trading volume averaged 614,587 contracts per day, an 8.5 percent increase from a year earlier, largely driven by trading in Single Stock Futures and SET50 Index Futures.
Source: SET Corporate Communications
