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08 Apr 2020 16:45:00
SET News :SET market report for March 2020
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                                                                           SET News 21 /2020
8, 2020
SET market report for March 2020

BANGKOK, April 8, 2020 - The Stock Exchange of Thailand (SET) Index ended March 
at 1,125.86 points, down 16 percent from the previous month, while the average
daily trading value of SET and Market for Alternative Investment (mai) in the
month surged 34.8 percent from the 2019 average to THB 71.71 billion (approx.
USD 2.24 billion). Foreign investors pulled out a net THB 78.36 billion worth of
 Thai shares, trending in the same direction as other Asian markets.

SET Senior Executive Vice President Soraphol Tulayasathien said that the 
escalation of COVID-19 spread dealt a bigger blow in March to the Thai stock
exchange, similar to other markets across the world. However, the SET Index
dropped at a slower pace than most ASEAN markets as many businesses,
particularly telecommunication service providers, consumer products and foods,
as well as retails and medical services, have managed to adapt well to cope with
the situation. As a result, these industry groups' indices declined less than
SET Index. In the upcoming periods, in addition to the efficiency in curbing the
COVID-19 spread, investors should focus on other factors concerning
geopolitical tensions that affect oil price, business adaptation to cater to the
changing lifestyle and demand volume in domestic market, including the fiscal
and monetary policy to shore up the economy.

Key highlights for March

Securities market:
-SET Index closed at 1,125.86 points at end-March, down 28.7 percent from 
end-2019 and 16 percent from the preceding month. Technology, Consumer Products,
Agro & Food Industry, and Services industry groups declined at a slower pace
than SET Index.
-In March, foreign investors cashed out a net THB 78.36 billion.
-The average daily trading value of SET and mai in March was THB 71.71 billion, 
a 34.8 percent jump from the average in 2019.
-Forward P/E ratio of SET was 13.4 times at the end of March, while historical 
P/E ratio was 13.0 times, above the average of the Asian markets at 11.3 times
and 12.8 times, respectively.
-Dividend yield ratio of SET was 4.5 percent at end-March, above Asian stock 
markets' average ratio of 3.6 percent.
-The combined market capitalization of SET and mai at end-March amounted to THB 
12.3 trillion, down 27.7 percent from end-2019.
-In Q1/2020, the fundraising via initial public offering (IPO) stood at THB 
56.13 billion, while the secondary public offering (SPO) amounted to THB 67.59
Derivatives market:
-In March, the average derivatives trading volume was 754,133 contracts per day,
 soaring 40 percent from the previous month.

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