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05 Apr 2022 17:19:00
SET News :SET market report for March 2022
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                                                                   SET News 25 /2022
                                                   April 5, 2022

SET market report for March 2022

BANGKOK, April 5, 2022 -Sanctions on Russia have bumped up commodity prices and 
lowered risky asset prices. Crude oil prices in the global market which
surpassed USD 100 per barrel have stoked concerns that the Federal Reserve could
tighten monetary policy to curb the rising inflation. However,  the inverted
yield curve of the 2-year and 10-year US treasury bonds weighed investors'
concern over recession risk.
Stock Exchange of Thailand (SET) Senior Executive Vice President Soraphol 
Tulayasathien said that Thailand's exposure to Russia and Ukraine  is considered
limited as the economic rebound is gaining steam, particularly in the Services
industry and tourism sector which are expected to reap a windfall from the
country reopening in the near future. These factors have attracted foreign fund
influx, with Thailand grabbing the biggest slice of capital inflows to ASEAN
region during the first three months of 2022, and the SET Index closed 0.6
percent month-on-month higher at 1,695.24 points at end-March, or a  2.3 percent
 rise from end-2021.

Key highlights for March

- The SET Index ended March at 1,695.24 points, rising 0.6 percent from the 
previous month and 2.3 percent from end-2021, above average of other ASEAN
- SET Index in the first quarter of 2022 was driven by industry groups which 
benefit from the country reopening, as such Services, Technology and Resources
industry groups rose at a faster pace than the SET Index at end-2021.
- In March 2022, the average daily trading value of SET and mai amounted to THB 
95.53 billion (approx. USD 2.87 billion), down 0.4 percent from the same period
a year earlier, while the daily turnover in Q1/2022 averaged THB 96.24 billion.
Foreign investors dominated trading value for two consecutive months, being net
buyers of Thai shares with a net THB 32.77 billion in March, making net buying
of THB 131.37 billion in total during the past four months (December 2021 -
March 2022).
- In March 2022, BBGI pcl, a biomass and high value biomass product 
manufacturer, raised capital worth over THB 5 billion, ranking ASEAN's top five
IPO deals in the first quarter of 2022.
- SET's forward P/E ratio was 17.6 times at end-March, exceeding the average 
ratio of its Asian counterparts at 12.3 times. The historical P/E ratio was 18.4
 times, above the average ratio of other Asian markets at 16.0 times.
- The dividend yield ratio of SET was 2.63 percent at end-March, outpacing Asian
 stock markets' average ratio of 2.41 percent.

Derivatives market
-In March 2022, the derivatives trading volume averaged 701,944 contracts per 
day, up 14.2 percent from a year earlier, significantly driven by the higher
trading volume of SET50 Index Futures, Single Stock Futures and Gold Online
Futures. In Q1/2022, Thailand Futures Exchange PCL (TFEX)'s average daily
trading volume rose 14.6 percent from the same period last year to 631,382

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