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SET Market Report For May 2018

Date 08/06/2018

The Stock Exchange of Thailand (SET) Index at the end of May fell 1.5 percent from end-2017 and 3 percent from the previous month to 1,726.97 points while the combined average daily trading value of SET and Market for Alternative Investment (mai) in May surged 41.7 percent from the same period a year earlier to THB 60.91 billion (USD 1.90 billion).

SET President Pakorn Peetathawatchai said that ASEAN stock exchanges’ indices moved down in the same direction as the global stock markets, largely weighed by overseas political environment. However, fundamental of Thai listed companies remained solid registering the year-on-year increase in net profit of 0.3 percent during the first quarter. Domestic retail and institutional investors and proprietary traders were net buyers in May.

Key highlights for May

Securities market:

- In May, foreign investors sold a net THB 51.73 billion of Thai shares, in line with most regional stock markets while they were net buyers in the Thai bond market.

- SET Index ended in May at 1,726.97 points, down 1.5 percent from end-2017. However, indices of Resources, Industrials and Services sectors increased.

- Forward P/E ratio of SET was 15.74 times at end-May while historical P/E ratio was 17.62 times, higher than the average of its Asian peers at 13.96 times and 15.62 times, respectively.

- Dividend yield ratio of SET was 2.97 percent at end-May, above Asian stock markets' average of 2.68 percent.

- A combined market capitalization of SET and mai at end-May was THB 17.7 trillion, up 1.2 percent from the end of 2017 

- The average daily trading value of SET and mai in May amounted to THB 60.91 billion, up 41.7 percent from the same period a year earlier.

Derivatives market:

- In May, the average derivatives trading volume rose by 9.1 percent from the previous month to 391,920 contracts per day, mainly driven by the increase in transactions of Single Stock Futures.