The Stock Exchange of Thailand's (SET) securities trading volume in August rose 5.06 percent from the previous month, but down 21.48 percent from a year earlier. The global stock market in August was supported by economic stimulus measures in the Euro zone; however, mounting worries of China’s economy slowing undermined the sentiment. Meanwhile, the Thai capital market was boosted by economic expansion and good performances of Thai listed companies.
At the end of August, the SET main index was at 1,227.48 points, up 2.35 percent from the previous month and rising 19.72 percent from the end of 2011, making it the best performer among Asia’s main stock exchanges.
Key highlights for August
Securities
- Combined average daily trading volume of SET and Market for Alternative Investment (mai) was at THB 29.37 billion (approx. USD 918 million), up 5.06 percent from July, but down 21.48 percent from a year earlier.
- Market capitalization of SET was at THB 10.18 trillion (USD 318 billion), up 21.03 percent from the end of last year and up 2.35 percent from July, while market valuation of mai was at THB 92.58 billion (USD 2.89 billion), up 19.75 percent from the end of 2011 and up 7.37 percent from the previous month.
- Forward P/E ratio for SET was at 13.25 times, up from 12.14 a year earlier and rising from 12.84 at end-July. mai's forward P/E ratio increased to 12.89 times from 10.51 a year ago, and 12.20 at the end of July.
- Dividend yields of SET rose to the second highest in Asia at 3.75 percent, down from 3.81 percent a year earlier, but up from 3.59 percent at end-July. mai’s dividend yield was at 2.30 percent.
- Foreign investors were net sellers in August, selling a net THB 1.84 billion (57.6 million). Since the start of this year, they have bought a net THB 62.78 billion. Their trading value accounted for 24.35 percent of the total.
- Listed companies raised funds through equity worth a combined THB 678 million (USD 233 million) in August. Of that, THB 120 million (USD 147 million) was from initial public offerings, and THB 558 million (USD 486 million) was from secondary equity offerings. In the first eight months of this year, a total of THB 74.12 billion (USD 2.13 billion) was raised through the Thai stock market, up 0.65 percent from a year earlier.
- In the first six months of 2012, listed companies made a combined net profit of THB 346.61 billion, down 14.86 percent from a year earlier, hit by higher production costs and inventory losses. However, the fall of net profit was capped in only large-cap firms in some industry, while other industry still performed well and reported higher sales. There are 431 listed companies made net profits, representing to 79.37 percent of the total.
Derivatives
- Derivatives trading volume fell 3.09 percent from a month earlier to an average of 42,038 contracts per day, mainly due to falling trading volumes of SET50 Index Futures. In the first eight months, average daily trading volume was at 43,489 contracts, up 12.83 percent from a year earlier, from rising of SET50 Index Futures, 10-Baht Gold Futures, and USD Futures.
For more information, please visit www.set.or.th.
FTSE Mondo Visione Exchanges Index:
Thai Bourse’s Market Report For August - SET Index Rose In August, Making It Asia’s Best Performer - Market Cap At THB 10.18 Trillion, Up 21 Pct From End-2011 - Daily Average Stock Trading Volume Up 5 Pct M-O-M, Down 21.5 Pct Y-O-Y
Date 14/09/2012