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06 Mar 2019 17:26:00
SET News : SET market report for February 2019
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       SET News 11/2019
                 March 6, 2019

SET market report for February 2019

BANGKOK, March 6, 2019 - The Stock Exchange of Thailand (SET) Index at the end 
of February rosed 5.7 percent from end-2018 to 1,653.48 points, in tandem with
other Asian bourses. The average daily trading value of SET and Market for
Alternative Investment (mai) in February amounted to THB 46.77 billion (approx.
USD 1.46 billion), down 3.7 percent from the previous month. Local institutional
 investors and proprietary traders were net buyers in February.

SET Senior Executive Vice President Soraphol Tulayasathien said that SET Index 
managed its stability carrying on from the previous month. Foreign investors
were net buyers at the beginning of February boosted by the progress of trade
talks between the U.S. and China, then seemed to wait-and-see considering the
upcoming election season.

The average daily trading value of SET and mai in February was the highest in 
the region though it fell marginally from the preceding month. The fund raised
in the Thai stock market through initial public offerings (IPOs) during the
first two months of this year was also the highest in ASEAN. In March, foreign
and institutional investors could raise attractiveness weighting of Thai shares
as more large and mid-cap Thai shares have been added into FTSE Global Equity
Index Series, added Soraphol.

Key highlights for February
Securities market:

- SET Index ended February at 1,653.48 points, gaining 5.7 percent from 
end-2018. Agro &  Food, Technology, Resources and Property & Construction
industry groups outperformed SET Index.

- In February, foreign investors pulled out a net sum of THB 3.5 billion, while 
local institutional investors' buying streak has been extended since last year.

-The average daily trading value of SET and mai in February dropped 3.7 percent 
from the previous month to THB 46.77 billion.

- Forward and historical P/E ratios of SET were 15.00 times and 17.00 times, 
respectively, at end-February, above the average of the Asian peers at 13.76
times and 15.56 times, respectively.

- Dividend yield ratio of SET was 3.11 percent at the end of February, higher 
than Asian stock markets' average ratio of 2.80 percent.

- A combined market capitalization of SET and mai at end-February rose 5.9 
percent from end-2018 to THB 17.2 trillion, in line with SET Index.

- Fund mobilized through IPOs during the first two months of this year was THB 
5.68 billion, the highest in ASEAN.

Derivatives market:
- In February, the average derivatives trading volume dropped by 10.9 percent 
from the previous month to 308,876 contracts per day, weighed largely by the
decline in trading volume of SET50 Index Futures and SET50 Index Options.

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