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07 Oct 2021 12:44:00
SET News :SET market report for September 2021
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                                                                 SET News 76/2021
                                                  October 7, 2021
 SET market report for September 2021

BANGKOK, October 7, 2021 - In September 2021, the Monetary Policy Committee 
(MPC) estimated that the Thai economic outlook in 2021 and 2022 would be close
to the previous forecast. The economy was expected to benefit from increasing
vaccination distribution and the faster-than-expected relaxation of the disease
control measures. Uncertainties surrounding investors in stock exchanges
globally were the possibility that the Federal Reserve (Fed) may end its
quantitative easing policy sooner and the downward revision of the Chinese
economic growth forecast for this year and the period ahead after the Chinese
government imposed measures to control the property and technology sectors.
However, Thai listed companies were strong and steadily recovered.

The Stock Exchange of Thailand (SET) Senior Vice President Soraphol 
Tulayasathien said that at end-September the SET Index closed at 1,605.68
points, a 2.0 percent decrease from the previous month. If compared to the end
of 2020, it gained 10.8 percent, outpacing the average of other regional peers.
The industry groups that outperformed the SET Index, in comparison with year-end
 2020, were Industrials, Technology, Agro & Food Industry and Services.

Key highlights for September

-The SET Index ended September at 1,605.68 points, down 2.0 percent from the 
previous month, but up 10.8 percent from year-end 2020, surpassing other
regional peers.
-In comparison to end-2020, the SET Index in September was propelled by almost 
all industry groups, with Industrials, Technology, Agro & Food Industry and
Services industry groups outperforming the benchmark index.
-In September, the average daily trading value of SET and Market for Alternative
Investment (mai) increased by 110.5 percent from a year earlier to THB 100.83
billion. The daily trading value for the first nine months averaged THB 96.46
-Foreign investors were net buyers for the second consecutive month in September
with a net THB 10.80 billion. However, they were net sellers of THB 79.17
billion for the January-September period. Local investors were net buyers of THB
105.75 billion. Since the COVID-19 pandemic started in February 2020, local
investors have continuously dominated the trading value.
-In September, IPO activities continued with two new listings on SET and another
two on mai. During the first nine months of this year, the offering size via
IPOs listed on the Thai bourse outpaced ASEAN markets.
-SET's forward and historical P/E ratios were 18.9 times and 19.8 times 
respectively at end-September, exceeding the average ratios of Asian markets at
14.9 times and 17.8 times respectively.
-The dividend yield ratio of SET was 2.74 percent at end-September, above Asian 
stock markets' average ratio of 2.47 percent.

Derivatives market
-In September, the derivatives trading volume averaged 679,223 contracts per 
day, a 43.6 percent surge from the preceding month. During the first nine months
of 2021, the average daily trading volume was at 550,194 contracts, an 18.0
percent rise from the same period a year earlier, mainly driven by trading in
Single Stock Futures, Gold online futures and USD Futures.

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