Published On: Thu, Mar 15th, 2012

Stock Exchange of Thailand February Statistics

The Stock Exchange of Thailand’s (SET) securities trading volume in February rose 39.81 percent from the previous month, and up 22.63 percent from a year earlier. The increase was helped by clearer signs of U.S. economic recovery, Greek debt resolution, and Thailand’s quick post-flood recovery.

In February, foreign investors were net buyers of Thai shares worth USD 1.51 billion — the highest monthly foreign net buying over the last six years — in line with most markets in the region.

The SET main index ended February at 1,160.90 points, the highest closing level in 16 years. The index has risen 13.22 percent since the start of this year and rose 7.10 percent from January, following rises of other Asian markets.

Combined average daily trading volume of the SET and the Market for Alternative Investment (mai) was at THB 34.49 billion (approx. USD 1.12 billion), while daily trading volume of derivatives was up 21.80 percent from a month ago at 34,230 contracts per day.

Key highlights for February
Securities
– Market capitalization was at THB 9.52 trillion (USD 310.21 billion), up 13.27 percent from the end of 2011, and market valuation of the mai was at THB 89.29 billion (USD 2.91 billion), up 15.49 percent.
– Forward P/E ratio for SET was at 12.25 times, up from 11.79 a year ago and from 11.45 at end-January, while mai’s forward P/E ratio increased to 10.49 times from 9.27 a year ago and 10.33 at the end of January.
– Dividend yield of SET was at 3.73 percent at the end of February, making it Asia’s second highest (after Taiwan). It was down from 3.80 percent a year earlier, and mai’s dividend yield was at 2.21 percent.
– Foreign investors were net buyers, purchasing Thai shares worth a net USD 1.51 billion in February. They accounted for 23.81 percent of the total trading volume so far this year.
– Listed companies raised funds through equity worth a combined THB 3.81 billion in February. Of that, THB 403.2 million was raised from initial public offerings (IPOs) and THB 3.4 billion was raised from secondary market.

Derivatives
– Derivatives trading volume rose 21.80 percent from a month earlier to an average of 34,230 contracts per day, due mainly to rising trading of SET50 Index Futures, single stock futures, and Brent Crude Oil Futures.
– Average daily trading of 50-baht gold futures and 10-baht gold futures dropped from a month ago to 3,836 contracts and 8,843 contracts, respectively, while Brent Crude Oil Futures, which started trading in October, reached a daily average trading volume of 595 contracts, the highest since it launched.

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