Published On: Fri, May 16th, 2014

SET Market Report For April

Kesara Manchusree, President, SET

Kesara Manchusree, President, SET

The Stock Exchange of Thailand (SET) securities trading value in April dropped from a month ago mainly due to a long national holidays and some investors holding back ahead of court ruling on prime minister. However, markets began easing worries on economic woes in Japan, Europe, and the United States, drawing funds back into risky assets.

The SET main index ended April at 1,414.94 points, up 8.95 percent from end-2013. Foreign investors were net buyers for the second consecutive month, purchasing USD 491 million. They sold a net USD 136 million of Thai stocks during January-April.

Combined average daily trading value of SET and Market for Alternative Investment (mai) was at THB 31.21 billion (USD 957 million), down 3.85 percent from a month ago and 42.05 percent from a year ago, while daily trading volume of derivatives decreased 22.79 percent from a month ago at 54,613 contracts per day.

Key highlights for April

Securities

  • Market capitalization of SET was at THB 12.61 trillion (USD 388 billion), up 9.67 percent from the end of 2013, while market valuation of mai was at THB 187.35 billion (USD 5.75 billion), up 5.63 percent.
  • The forward P/E ratio for SET was at 13.64 times, up from 13.18 a month ago, while mai’s forward P/E ratio increased month-on-month to 16.21 from 14.69.
  • The dividend yield of SET dipped slightly to 3.25 percent from March, while mai’s was down at 1.80 percent.
  • Listed companies raised funds through equity worth a combined THB 20.96 billion (USD 643 million) in April, doubling a month earlier, of which THB 11.73 billion was raised from initial public offerings, and THB 9.22 billion from the secondary market.

Derivatives

  • Derivatives trading volume sank 22.79 percent from a month earlier to an average of 54,613 contracts per day. Trading volume of most products was down, except SET50 index options and oil futures.
  • Night trading session of commodity futures accounted for 47.84 percent of the total trading volume, down from 48.01 percent in March.

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