Thai bourse market report for January 2016

  • Daily average trading value rose by 6.5 pct month-on-month to THB 44.4 billion
  • Market cap at THB 12.73 trillion, up 0.7 pct from end-2015
  • Derivatives trading down 24.2 pct month-on-month at 213,128 contracts per day
BANGKOK, February 10, 2016 - The Stock Exchange of Thailand (SET) index ended January, 2016 at 1,300.98 points, up one percent from end-2015 and outperforming other exchanges in the region. Although the overall market sentiment was affected by concerns about slowing Chinese economic growth and the crude oil prices which settled below $30 a barrel which was the lowest in 12 years, but the investment mood was cushioned by the fact that The Federal Reserve tended to keep interest rates unchanged and The Bank of Japan sets the interest rate at minus 0.1 percent for the first time.

At the end of January, the combined market capitalization of the SET’s main board and Market for Alternative Investment (mai) was at THB 12.73 trillion (USD 357.6 billion), a 0.7 percent increase from end-2015. The average daily trading value of SET and mai in January rose to THB 44.36 billion, up 6.5 percent from a month earlier.

Key highlights for January

  • SET index ended January at 1,300.98 points, up 1.0 percent from end-December, 2015.
  • Market capitalization of SET was at THB 12.42 trillion (USD 348.7 billion), up 1.08 percent from the end of 2015, while market valuation of mai was at THB 314.63 billion (USD 8.83 billion), down 2.73 percent from end-December, 2015.
  • Forward P/E ratio of SET was 13.09 times, while mai's forward P/E ratio was 17.76 times.
  • The dividend yield ratio of SET was 3.53 percent at the end of month, while mai's was 1.32 percent.
  • In January, average daily trading value of SET and mai rose 6.5 percent from a month earlier to THB 44.36 billion (USD 1.23 billion).
  • Foreign investors were net sellers, selling Thai shares worth a net of THB 8.32 billion in January which was lower than a net of THB 32.5 billion in December 2015.
  • Listed companies raised funds through equity worth a combined THB 6.24 billion from the secondary market.

  • Derivatives trading volume dropped 24.2 percent from a month earlier to an average of 213,128 contracts per day, mostly due to the decreasing transactions of Single Stock Futures and SET50 Index Options.
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