Published On: Sat, Feb 11th, 2012

SET January 2012 Statistics

• Daily average trading volume up 12.74 pct month-on-month to USD 796 mln
• Market cap at THB 8.89 trillion, up 5.75 pct from end-2011
• Derivatives trading down 6.13 pct month-on-month at 28,104 contracts per day

The Stock Exchange of Thailand’s (SET) securities trading volume in January rose 12.74 percent from the previous month, but down 31.48 percent from a year earlier. The increase was supported by easing monetary policy of the United States and the faster-than-expected Thai economic recovery after the floods.

Foreign investors were net buyers of Thai shares in January as the downward trend of global interest rates and China’s better-than-expected economic growth boosted fund inflows and revived investment sentiment.

Combined average daily trading volume of the SET and the Market for Alternative Investment (mai) was at THB 24.67 billion (approx. USD 796 million), while daily trading volume of derivatives was down 6.13 percent from a month ago at 28,104 contracts per day, with oil futures trading rising to 383 contracts per day, the highest since it launched.

Key highlights for January
Securities
– Market capitalization was at THB 8.89 trillion (USD 286.81 billion), up 5.75 percent from the end of 2011, and market valuation of the mai was at THB 85.29 billion (USD 2.75 billion), up 10.33 percent.

– The SET Index rose 5.72 percent in January to 1,083.97 points, in line with moves of other regional markets.

– Forward P/E ratio for the SET was at 11.42 times, down slightly from 11.46 a year ago and from 12.37 at the end of last year, while mai’s forward P/E ratio increased to 10.33 times from 9.50 a year ago and 9.40 at the end of 2011.

– Dividend yield of the SET was at 3.91 percent at the end of January, making it Asia’s second highest (after Taiwan). It was up from 3.82 percent a year earlier, and mai’s dividend yield was at 2.22 percent.

– Foreign investors were net buyers, purchasing Thai shares worth a net USD 97 million in January. They accounted for 24.46 percent of the total trading volume, the highest level over the last eleven months.

– Listed companies raised funds through equity worth a combined THB 367 million in January.

Derivatives
– Derivatives trading volume dropped 6.13 percent from a month earlier to an average of 28,104 contracts per day, due mainly to falling trading of SET50 Index futures and single stock futures.

– Average daily trading of 50-baht gold futures and 10-baht gold futures increased from a month ago to 4,807 contracts and 9,571 contracts, respectively, while oil futures, which started trading in October, reached a daily average trading volume of 383 contracts, the highest since it launched.

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