BANGKOK – The Stock Exchange of Thailand (SET) Index rose in
January, though a new wave of COVID-19 pandemic in domestic market prompted the
government to impose a partial lockdown and the inter-provincial travel
restriction in some areas.
Positive sentiment propelled by the U.S.’s Blue Wave election outcome and the ongoing global recovery in consistence with Thailand’s export growth of 4.71 per cent year-on-year in December 2020, the first increase in 8 months and the biggest increase in 22 months.
SET Senior Executive Vice President Soraphol Tulayasathien said SET Index at end-January closed at 1,466.98 points or a 1.2 percent gain from the previous month, above the ASEAN market average and a 1.9 percent lower in MSCI ASEAN Index.
Comparing with year-end performance, many industry groups fared better
than SET Index. The outperforming industry groups were Agro & Food Industry,
Technology, Financials, Consumer Products and Industrials.
Key highlights for January
– SET Index ended 1,466.98 points in January or a 1.2 percent gain from the
end-2020, outpacing other regional peers and MSCI ASEAN Index which dropped 1.9 percent
.- In January, several industry groups increased from the previous month. Agro & Food Industry, Technology, Financials, Consumer Products and Industrials industry groups outperformed SET Index
.- Market capitalization of Market for Alternative Investment (mai) surged 6.26
percent from the previous month. mai Index closed at 356.33 points, the highest
level in 18 months.
– The average daily trading value of SET and mai jumped 59.6 percent
year-on-year to THB 100.51 billion, marking a fresh all-time high for the
three-straight month and the level exceeded the THB 100 billion-threshold for
the second-consecutive month.
– Foreign investors were the net sellers for the first time in 3 months with a
net THB 10.7 billion (approx. USD 353.4 million) local institutional investors
and brokers cashed out a net THB 16 billion and THB 942 million, respectively,
while retail investors bought a net THB 27.6 billion.
– Local retail investors in January continued to dominate stock trading value
for the 11st consecutive month, representing 46.61 percent of the total trading
value and rising 43.66 percent from the previous year.
– Forward P/E ratio of SET was 19.0 times at end-January, while historical P/E
ratio was 26.0 times, higher than the average of the Asian peers at 14.4 times
and 22.7 times, respectively.
– Dividend yield ratio of SET was 2.69 percent at end-January, above Asian
stock markets’ average ratio of 2.35 percent.
– In January, the average derivatives trading volume dropped by 24.3 percent
from the end of 2020 to 573,172 contracts per day, while trading volume of Gold
Online Futures, especially 10-baht-Gold Futures and Silver Online…
ASEAN commemorates Youth in Climate Action and Disaster Resilience Day 2021
An intergenerational dialogue titled ‘Teaming up with You(th) for a Disaster-Resilient and Climate-Friendly ASEAN’, was moderated by the ASEAN Youth Forum’s Programme Manager, Rastra Yasland.
Vietnam’s Tay Ninh Province: Promising for Investors in the Greater Mekong Subregion
The SKER is one of four key economic regions which cover most economic and investment hubs in the country. The SKER consists of Tay Ninh along with Ho Chi Minh City, Binh Duong, Dong Nai, Long An, Ba Ria-Vung Tau, Binh Phuoc, and Tien Giang.
Vietnam’s Tay Ninh province located in the Southern Key Economic Region (SKER) acts as a key connection point between Ho Chi Minh City and Cambodia’s capital Phnom Penh, sharing a border with Cambodia at Moc Bai and Xa Mat border gates, the main trade centers between the two countries.(more…)
Acclaimed MICHELIN Guide Thailand gets 5-year extension from 2022-2026
Bangkok, 2 December, 2021 – The Ministry of Tourism and Sports and the Tourism Authority of Thailand (TAT) are pleased...
Thailand’s Ministry of Finance expects 3.5 to 4.5% economic growth in 2022
For next year, the Ministry of Finance is projecting an economic growth of 3.5-4.5% from effective pandemic control measures, incentives,...
This is what global tax reforms could mean for Asia’s tech giants
A new set of agreed global tax reforms will change where tech giants and other global giants pay taxes, explain...
Bank of Thailand warns of risks of cyber theft when using cryptocurrencies
The future looks promising for cryptocurrencies in Thailand after Siam Commercial Bank Pcl - Thailand's oldest private bank- invested 17.85...
The Bachelor Japan Season 4 showcases Thailand
Bangkok, 2 December, 2021 – The Tourism Authority of Thailand (TAT) is pleased to report that Thailand features as the...