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

Wednesday, 16/03/2016 | 15:11 GMT by Damian Chmiel
  • The Thai bourse showed an increase in market cap and SET index, but securities and derivatives trading declined.
Stock Exchange of Thailand Reports February Securities ADV Down 5.7% MoM
Bloomberg

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.

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.

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.

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.

About the Author: Damian Chmiel
Damian Chmiel
  • 2035 Articles
  • 53 Followers
About the Author: Damian Chmiel
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
  • 2035 Articles
  • 53 Followers

More from the Author

Institutional FX

!"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}