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08 Mar 2018 18:49:00
SET News :SET market report for February 2018
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                                                                                        SET News
 20 /2018

March 8, 2018

SET market report for February 2018

BANGKOK, March 8, 2018 - The Stock Exchange of Thailand (SET) Index at the end 
of February gained 4.5 percent from end-2017 and 0.2 percent from the previous
month to 1,830.13 points, bucking the downward trend in Asian markets except
Vietnamese stock market. The average daily trading value of SET and Market for
Alternative Investment (mai) in February rose 30.4 percent year-on-year to THB
68.1 billion (USD 2.13 billion).

SET Senior Executive Vice President Pakorn Peetathawatchai said that SET Index 
in February moved in a tight range but managed to hover a bit higher from a
month earlier, while almost all of the global stock markets fell on concerns
that the US Federal Reserve will raise the policy rate at a faster pace than
anticipated. However, the rate hike fear dampened only short-term sentiment as a
rise in US inflation and economic growth, which could force the rate increase,
came as a boon to international trades including Thailand's exports.

Key highlights for February


-    In February, foreign investors sold a net THB 41.3 billion of Thai shares, 
in line with almost all stock markets across the region and including the Thai
bond market.
-    SET Index ended February at 1,830.13 points, up 4.47 percent from end-2017.
Two industry groups that outperformed SET Index were Resources and Industrials,

-    Forward P/E ratio of SET was 16.55 times at end-February, while historical 
P/E ratio was 19.04 times. Both forward and historical P/E ratios of the Thai
stock market outpaced the average ratio of its Asian peers at 14.90 times and
17.58 times, respectively.

-    Dividend yield ratio of SET was 2.70 percent at end-February, exceeding 
Asian stock markets' average ratio of 2.42 percent.

-    A combined market capitalization of SET and mai at end-February was THB 
18.5 trillion, up 4.3 percent from the end of 2017.

-    The average daily trading value of SET and mai in February amounted to THB 
68.1 billion, up 30.4 percent from the same period a year earlier.
-    In February, the average derivatives trading volume dropped by 15.14 
percent from the previous month to 433,599 contracts per day, resulting from the
 decline in transactions of Single Stock Futures.

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