SET market report for June 2019

Stocks and Financial Services Press Releases Thursday July 4, 2019 17:02
Bangkok--4 Jul--SET

The Stock Exchange of Thailand (SET) Index at end-June increased 6.8 percent from the previous month, marking the best performer in Asia, and 10.6 percent from end-2018 to 1,730.34 points. The average daily trading value of SET and Market for Alternative Investment (mai) in June was THB 60.53 billion (approx. USD 1.95 billion), up 3.1 percent from the preceding month. Foreign investors were the net buyers of Thai shares for the third straight month in June, gaining the highest monthly net inflows in the region.

SET Senior Executive Vice President Soraphol Tulayasathien said that SET Index rose to the highest among Asian bourses with the most value of foreign net inflows in June, boosted by the prospect of continuity in Thailand's economic policies following a clearer picture of local politics, coupled with a string of positive external factors including US-China's ease of trade tensions and the US Federal Reserve (Fed)'s gradual move in monetary policy.

Key highlights for June
Securities market:
  • SET Index ended June at 1,730.34 points, up 10.6 percent from end-2018. Technology, Agro & Food, Resources, and Property & Construction industry groups outpaced SET Index.
  • In June, foreign investors bought a net THB 46.95 billion of Thai shares.
  • The average daily trading value of SET and mai in June rose 3.1 percent from the preceding month to THB 60.53 billion.
  • Forward and historical P/E ratios of SET were 16.4 times and 18.6 times respectively at end-June, compared with the average of the Asian peers of 14.5 and 16 times respectively.
  • Dividend yield ratio of SET was 2.98 percent at the end of June, above Asian stock markets' average ratio of 2.79 percent.
  • A combined market capitalization of SET and mai at end-June jumped by 10.9 percent from end-2018 to THB 18 trillion, moving in tandem with SET Index.
  • Fund mobilized through IPOs during the first half of 2019 was THB 8.53 billion.
Derivatives market: