Stock Exchange of Thailand Reports February Securities ADV Down 5.7% MoM

The Thai bourse showed an increase in market cap and SET index, but securities and derivatives trading declined.

The Bangkok headquartered Stock Exchange of Thailand (SET) has reported its metrics for February 2015, where mixed results saw an increase in market capitalization, with average daily volumes on the SET dropping at the start of the month.

Among the highlighted results, market capitalization of SET and Market for Alternative Investment (mai) combined stood at $360.4 billion, raising more than 3.50% from a month earlier, while the market valuation of the Thai bourse dipped almost 3.97% MoM to $8.8 billion.

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The official press release described the 5.7% drop in February’s ADV of SET and mai to $1.19 billion from a month earlier. In large part it was due to the limited trading volumes during the new year in China. Attractive prices and high liquidity of the local stock market however were positively influencing the volatility and trading results, which led to SET index growth by 2.4% (to 1,332.37 points) from January.

It has to be noted that after three consecutive months of selling, foreign investors became net buyers of Thai shares. The total value of February’s purchases amounted to $5.36 million compared to selling a net of USD 236.66 billion a month earlier.

In terms of derivatives trading, the total monthly volume fell by 9.97% MoM to 191,873 contracts per day. The official press release states however that the decreasing transaction numbers on USD Futures, SET50 Index Options and SET50 Index Futures were a main culprit here.

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