Published On: Fri, Aug 15th, 2014

SET Market Report For July 2014

Kesara Manchusree, President, SET -

Kesara Manchusree, President, SET –

The Stock Exchange of Thailand (SET) securities trading value in July rose by 15 percent from a year earlier to THB 52.80 billion (approx. USD 1.62 billion), and up 8.62 percent from a month ago, underpinned by revived confidences following the economic roadmap announced by the National Council for Peace and Order (NCPO), and better-than-expected performances of listed companies in the second quarter.

The SET main index ended July at 1,502.39 points, up 15.68 percent from end-2013. It reached a 14-month high of 1,543.92 in July before fears over QE tapering and Argentina’s debt default weighed the index down. Foreign investors reversed to be net buyers in July, buying USD 427 million. They sold a net USD 820 million of Thai stocks in the first seven months.

Key highlights for July

Securities

  • Market capitalization of SET was at THB 13.50 trillion (USD 415 billion) at the end of July, up 17 percent from end-2013, and up 1.1 percent from a month earlier, while market valuation of mai was at THB 267.26 billion (USD 8.22 billion), up 13 percent from the end of June.
  • Forward P/E ratio rose year-on-year to 14.95 times, while mai’s increased to 26.24.
  • Dividend yield was at 3.06 percent, up slightly from a year earlier, while mai’s was down at 1.27 percent.
  • Listed companies raised funds through equity worth a combined THB 6.41 billion (USD 197 million) in July, down from a month ago, of which THB 3.41 billion was raised from initial public offerings from two companies in mai and one property fund, and THB 3.0 billion from the secondary market. However, the total fundraising in the first seven months was at THB 89.97 billion, down 48 percent from a year earlier.

Derivatives

  • Second-quarter derivatives trading volume leaped 257 percent from a year earlier, but down 2.5 percent from the past months to an average of 195,494 contracts per day. The increase was largely boosted by single stock futures.
  • Night session trading of commodity futures accounted for 47.16 percent of the total trading volume, up from 46.57 percent in June.

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