The Stock Exchange of Thailand (SET) will list two depositary receipts (DRs), based on Hong Kong-listed exchange traded fund (ETFs), tracking the US’s Nasdaq 100 Index under the ticker symbol “NDX01”, and tracking China’s STAR 50 Index under the ticker symbol “STAR5001”.
These two DRs, issued by Bualuang Securities pcl, are ready for trading on May 6, 2022.
DR “NDX01” is based on China AMC NASDAQ 100 ETF tracking the NASDAQ 100 Index consisting of the 100 largest technology and innovation stocks listed on the Nasdaq stock exchange in the US.
The other one is DR “STAR5001” which is based on Premia China STAR50 ETF that tracks STAR 50 Index comprising the 50 largest stocks listed on the STAR market (Shanghai Stock Exchange Science and Technology Innovation Board) on Shanghai Stock Exchange in China.
Both DRs’ initial public offerings (IPOs) were offered to the general public during April 26-27, 2022.
DR provides Thai investors with an alternative to diversify portfolio overseas conveniently through the Thai stock market. Investors can trade DR in Thai baht via existing securities accounts, with fee similar to trading Thai securities, all day without intermission session.