Published On: Wed, Oct 13th, 2010

Thai Bourse Performance in Q3 2010 and September 2010 up Sharply

As of end Q3/2010, the SET Index closed at 975.30, a 22.32% rise over Q2/2010, which was the highest rate in the region. The combined SET and mai total market capitalization was at THB7.94 trillion (approx. USD264.73 billion), with daily average trading value of THB36.14 billion (approx. USD1.20 billion), while Thailand Futures Exchange PCL’s daily average trading volume reached 18,305 contracts.

All figures recorded all-time highs. The combined SET and mai market capitalization accounted for 82 % of the country’s Gross Domestic Product (GDP), the highest percentage since 1996. The three Industry Groups whose indices rose the highest were Services, Property & Construction, and Financials. Meanwhile, listed companies raised funds through equities, with a 97.40% rise over Q3/2009.

By end-September 2010, the SET Index had increased by 6.80% over the previous month; this rise was in line with those of other regional exchanges’ Indices.

The Stock Exchange of Thailand (SET) reported that in Q3/2010 its performance distinctively accelerated, as a result of a continual foreign capital flow into the Thai and regional markets. This rise was due to high liquidity in global financial markets and continuing economic downturn in developed counties. Also, investors had confidence on Thailand’s continuing economic recovery, and more stable domestic politics. These factors resulted in the SET Index’s rising at the highest rate among markets in the region. Meanwhile, the SET market
capitalization, SET daily average trading value and Thailand Futures Exchange PCL’s daily average trading volume soared and reached all-time highs.

As end-Q3/2010, SET Index closed at 975.30, a 22.32% rise over end Q2/2010, the highest rate of increase among regional exchanges. The SET Index’s place at end-Q3/2010 was a 32.78% increase over end-2009. By end-Q3/2010, every Industry Group Index had increased over its end-Q2/2010 value. The three Industry Indices with the highest rates of increase were Service, Property & Construction and Financials. A rise in SET Index resulted in SET forward P/E ratio at end Q3/2010 to reach 14.03 times, up from 11.53 at end-Q2/2010. The combined SET and mai total market capitalization was at THB7.94 trillion (approx. USD264.73 billion), reaching its all-time highs and accounting for 82% of the country’s Gross Domestic Product (GDP), the highest percentage since 1996.

SET market capitalization as a percentage of GDP
The end-September 2010 SET market capitalization was equal to 82% of Thailand’s
GDP. The highest percentage recorded between 1988- 2010 was 105%, in 1993.

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