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05 Aug 2021 14:12:00
SET News :SET market report for July 2021
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                                                            SET News 56/2021
                                                            August 5, 2021

SET market report for July 2021
BANGKOK, August 5, 2021 - The spread of the COVID-19 Delta variant has 
intensified in Thailand with approximately 15,000 new patients a day in late
July, while the SET Index dropped by 4.1 percent from the preceding month.
Despite the ongoing COVID-19 pandemic, the International Monetary Fund (IMF) is
maintaining its estimate of the global economic growth at 6 percent in 2021, by
revising the growth rate forecasts of developed economies upwards but lowering
those of developing countries on the heels of unequal access to COVID-19
SET Senior Executive Vice President Soraphol Tulayasathien said that at 
end-July, the SET Index closed at 1,521.92, down 4.1 percent from the previous
month. When comparing with year-end 2020, the benchmark index rose 5 percent
from end-2020, faring better than the average index of other regional peers with
Industrials, Agro & Food Industry, Technology, Property & Construction, and
Services industry groups outperforming SET Index.

Key highlights for July
-  The SET Index ended July at 1,521.92 points, a 4.1% down from the previous 
month. During the seven-month period of 2021, the SET Index recorded a 5%
increase compared to end-2020, eclipsing other regional peers.
-  In July, a number of industry group index rose, with Industrials, Agro & Food
Industry, Technology, Property & Construction and Services industry groups
outperforming the SET Index comparing with year-end 2020.
-  In July, the average daily trading value of SET and mai increased 32.7 
percent from a year earlier to THB 84.94 billion (approx. USD 2.57 billion). The
 daily trading value for the first seven months averaged THB 96.39 billion.
-  Foreign investors were net sellers for the seventh consecutive month with a 
net THB 17.74 billion in July, adding to THB 95.56 billion for the January-July
period. Local investors were net buyers at THB 129.18 billion. Notably, since
the COVID-19 pandemic started in February 2020, local investors have been higher
 trading value than any other types of investors.
-  The IPO momentum in July continued with three new companies and one real 
estate investment trust listings on SET, and one listed company on mai. During
the first seven months of this year, the fundraising value via IPOs listed on
the Thai bourse was higher than any other ASEAN markets.
-  SET's forward and historical P/E ratios were 18.0 times and 27.0 times 
respectively at end-July, exceeding the average ratios of Asian markets at 14.3
times and 19.6 times respectively.
-  The dividend yield ratio of SET was 2.55 percent at end-July, above Asian 
stock markets' average ratio of 2.35 percent.
Derivatives market
In July 2021, Thailand Futures Exchange (TFEX)'s derivatives trading volume 
averaged 423,066 contracts per day, a 34.2 percent decline from end-June. During
the first seven months of 2021, the average daily trading volume was 542,283
contracts, a 12 percent increase from the same period a year earlier mainly
driven by Single Stock Futures trading.
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