Thai Stock Exchange best performer in Asia – first six months
The average daily trading value of SET and Market for Alternative Investment in June was 60.53 billion baht (approximately US$1.95 billion), up 3.1% from the preceding month. Foreign investors were the net buyers of Thai shares for the third straight month in June, gaining the highest monthly net inflows in the region.
Dividend yield ratio of SET was 2.98% at the mid-year point, above Asian stock markets’ average ratio of 2.79%.
In June, the average derivatives trading volume rocketed by 65% from the previous month to 590,647 contracts per day.
According to The Nation, SET Senior Executive Vice President Soraphol Tulayasathien said that the SET Index rose to the highest among Asian bourses with the most value of foreign net inflows in June. He says the situation is boosted by the prospect of continuity in Thailand’s economic policies following a clearer picture of local politics, coupled with a string of positive external factors including US-China’s easing of trade tensions and the US Federal Reserve’s gradual move in monetary policy.
SOURCE: The Nation
