SET - The Stock Exchange of Thailand

03/08/2021 | Press release | Distributed by Public on 03/08/2021 04:13

SET News :SET market report for February 2021

SET 16/2021 March 8, 2021 SET market report for February 2021 BANGKOK, March 8, 2021 - The global stock exchanges in February 2021 faced volatility from bond yield spike that hit the 12-month high, reflecting an anxiety in revising inflation forecast that could cause major central banks in many countries to temper monetary policy easing sooner than previously expected. The Stock Exchange of Thailand (SET) Index fared well on the heels of the global economic rebound and optimism on recovery in service and tourism sectors following the domestic vaccination rollout. SET Senior Executive Vice President Soraphol Tulayasathien said the SET Index gained 2.0 percent from the previous month to 1,496.78 points at end-February, buoyed by a pickup in the world economy coupled with optimism after Thailand begun importing vaccine. The Market for Alternative Investment (mai) Index logged its closing high during the month-end in two years of 379.07, or a 6.4 percent increase from a month ago in February. Comparing with year-end performance, Agro & Food Industry, Financials, Industrials and Services industry groups outperformed SET Index. Key highlights for February -SET Index ended 1,496.78 points in February or a 2.0 percent gain from the month before, outpacing other regional peers and MSCI ASEAN Index with a 1.6 percent rise. -mai Index closed at 379.07 points, a 6.4 percent increase from the preceding month (the highest level at month-end close in two years. -In February, several industry groups increased from the previous month. Agro & Food Industry, Financials, Industrials and Services outpaced SET Index. -The average daily trading value of SET and mai soared 43.2 percent year-on-year to THB 94.32 billion (approx. USD 3.08 billion). The trading value of THB 126.92 billion on February 25, 2021 was the sixth highest level since SET started trading. -Retail investors continued to dominate trading, accounting for 47.3 percent of total trading, and they were net buyers for another month at THB 30.28 billion in February. Brokers bought a net THB 2.44 billion, while foreign investors were the net sellers for the second consecutive month with a net THB 18.61 billion. Local institutional investors sold a net THB 14.11 billion. To sum up, during the first two months of this year, foreign investors were net sellers of a total of THB 29.28 billion. -In February, IPO activities continued with two new listings on SET and one listing on mai. Particularly, the IPO value in the first two months of this year outpaced ASEAN peers, mainly from the listing of PTT Oil and Retail Business pcl (OR). -SET's forward P/E ratio was 19.3 times at end-February, while historical P/E ratio was 26.8 times, higher than the average of the Asian peers at 15.1 times and 25.3 times, respectively. -Dividend yield ratio of SET was 2.57 percent at end-February, above Asian stock markets' average ratio of 2.28 percent. Derivatives market - In February, the average derivatives trading volume recorded at 435,761 contracts per day, a 24.0 percent drop from end-January due to the decrease of trading activities in Single Stock Futures and SET50 Index Futures. However, it was partially offset by the rise of trading volume in Gold Futures & Silver Futures and Agricultural Futures (entirely from Japanese Rubber Futures: JRF). 'SET...Make it Work for Everyone' Follow us on Twitter @SET_Thailand_EN ______________________________________________________________________