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07 Sep 2018 17:53:00
SET News : SET market report for August 2018
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      SET News 74/ 2018
       September 7, 2018

SET market report for August 2018

BANGKOK, September 7, 2018 -The Stock Exchange of Thailand (SET) Index at the 
end of August advanced to 1,721.58 points, up 1.2 percent from the previous
month with upward trend similar to most of the regional peers. The average daily
trading value of SET and Market for Alternative Investment (mai) in August was
THB 50.13 billion (USD 1.52 billion), a 15.8 percent increase from the same
period a year earlier. Local institutional investors and proprietary traders
were net buyers in August. Foreign investors were net sellers, however, the
amount of selling was lower than Q2/2018's.

SET President Pakorn Peetathawatchai said that SET Index's gain in August was in
line with most ASEAN stock market indices. The Turkey's economic fragility has
had less impact than the US Federal Reserve rate hike and the trade dispute
between the world's two largest economies. Moreover, the Thai economic growth
for the second quarter, which was announced in August, accentuated that the
economic momentum continued to gain pace, thanks to expansion in all economic
drivers. Significantly, these were positive factors for the Thai stock market to
 keep going forward.
Key highlights for August
Securities market:
- In August, foreign investors sold a net THB 10.68 billion of Thai shares, 
which is lower than their average net sales in the first seven months of this
year. However, foreign investors were net buyers in the Thai bond market in
August due to the stability of Thai Baht compared to other emerging markets.

- SET Index ended August at 1,721.58 points, rising 1.2 percent from end-July 
but falling 1.8 percent from end-2017. Three industry groups that outperformed
SET Index were Resources, Industrials and Technology.

- Forward P/E ratio of SET was 15.96 times at end-August, while historical P/E 
ratio was 16.98 times, higher than the average of the Asian stock markets at
14.14 times and 14.97 times, respectively.

- Dividend yield ratio of SET was 3.05 percent at end-August, above Asian stock 
markets' average ratio of 2.81 percent.

- A combined market capitalization of SET and mai at end-August was THB 17.7 
trillion, down 1.3 percent from the end of 2017, moving in the same direction as
 SET Index.

- The average daily trading value of SET and mai in August was THB 50.13 
billion, up 15.8 percent year-on-year.
Derivatives market:
- In August, the average derivatives trading volume declined by 11.1 percent 
from the previous month to 333,240 contracts per day, resulted largely from the
fall in transactions of SET50 Index Futures and Single Stock Futures.

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