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TFEX contracts reach a record high

Tuesday, which saw a 10-year-high on the SET Index, also marked a record for the two-year-old Thailand Futures Exchange (TFEX).



Some 9,894 futures contracts with a combined value of Bt5.74 billion were traded on the exchange, increasing the outstanding number of contracts to a new high of 10,787.

TFEX has witnessed 2,882 daily contracts on average in the first half of the year, compared to 1,204 contracts in the same period last year.

The previous high was recorded last December 20, when the Bank of Thailand announced the 30-per-cent capital-withholding measure.

The number of contracts outstanding that day rose to 8,504.

Another memorable rise in the TFEX was last September 21, one day after the market opened following the September 19 coup. The exchange recorded a new high of 3,623 contracts that day.

Following the strong rise in the stock market since last month, TFEX's average daily trading volume has risen to 5,509 contracts, accounting for Bt2.98 billion in value.

Compared with the trading transactions of the overall market, TFEX accounted for 15 per cent, up from 10 per cent from early this year.

Foreign institutional investors accounted for 23.6 per cent of transactions at the end of June, compared to 19.2 per cent in the same month last year.

Local institutional investors' share was unchanged at 27 per cent.

KGI Securities (Thailand) is the

brokerage with the highest trading turnover, with a market share of 16.95 per cent.

Kesara Manchusree, managing director of TFEX, yesterday said the exchange would launch SET50 Options trading on October 29, a move which is expected to be warmly welcomed.

Until then, the exchange will launch a campaign to educate investors on the new product.

The Nation


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