News Detail

Date/Time
05 Jan 2018 16:42:00
Headline
SET News :SET market report for December 2017
Symbol
SET
Source
SET
Full Detailed News
Download Full Detailed News
                                                                                                
   SET News 2/2018

                                                                                
        January 5, 2018

SET market report for December 2017

BANGKOK, January 5, 2018 - The Stock Exchange of Thailand (SET) Index ended 2017
at 1,753.71 points - the year's closing high, up 13.7 percent from end-2016,
while a combined market capitalization of SET and Marker for Alternative
Investment (mai) hit the fresh record high at THB 17.9 trillion (USD 542.4
billion), up 15.6 percent from end-2016. The average daily trading value of SET
and mai in 2017 decreased by 4.6 percent to THB 50.1 billion.

SET Senior Executive Vice President Pakorn Peetathawatchai stated the Thai stock
 market's highlights in 2017 were as follows:

-    SET index ended 2017 at the year's highest closing and just only less than one
point behind the previous record closing high on January 4, 1994 (1,753.73
points).

-    The combined market capitalization of SET and mai hit the new record at THB 
17.9
trillion at end-2017.

-    Foreign investors played an increasing role in boosting trading liquidity to 
the Thai stock market. Their average daily trading value last year accounted for
 30.2 percent, up from 25.6 percent in the previous year.

Key highlights for December

Securities:
-    In December, domestic institutional investors were major buyer in Thai shares,
buying a net THB 104.67 billion, while foreign investors sold a net THB 9.04
billion. In 2017, foreign investors were net sellers at THB 26.1 billion, while
being on buying spree in Thai bonds.

-    SET index ended December at 1,753.71 points, up 13.7 percent from end-2016. 
Three industry groups that outperformed SET Index in 2017 were Industrials,
followed by Services and Resources.

-    Forward P/E ratio of SET was 17.46 times at end-December, while historical P/E
ratio stood at 19.06 times. Both forward and historical P/E ratios of the Thai
stock market were higher than the average ratio of its Asian peers' at 16.10
times and 16.24 times, respectively.

-    Dividend yield ratio of SET was 2.81 percent at end-December, above Asian 
stock markets' average ratio of 2.47 percent.

-    A combined market capitalization of SET and mai at end-December was THB 17.9 
trillion, rising 15.6 percent from the end of 2016.

-    The average daily trading value of SET and mai in December amounted to THB 
51.5 billion, up 18.1 percent from the same period a year earlier, whereas the
average daily trading value of both SET and mai in 2017 decreased by 4.6 percent
 to THB 50.1 billion.



Derivatives:
-    In December, the average derivatives trading volume surged by 51.1 percent 
year-on-year to 391,640 contracts per day, largely driven by the increase in
transactions of Single Stock Futures. From Jan - Dec 2017, the average daily
trading volume also rose by 13.6 percent compared to the previous year to
324,217 contracts a day.


                                       "SET...Make it Work for Everyone"
______________________________________________________________________