February turnover up 80% on year

The Stock Exchange of Thailand (SET) witnessed an 80 per cent increase in daily average turnover in February, when the turnover averaged at Bt62 billion or US$2.07 billion.

The market was buoyant on optimism on Thailand’s economic growth after its fourth-quarter GDP was significantly higher than a year earlier and earnings of Thai listed companies

improved, although concerns of US and European economies remained putting pressure on the investment mood.

The composite index ended February at 1,541.58 points, up 10.75 percent from the end of last year. However, foreign investors reversed themselves to become net

sellers of shares worth US$574 million in February after being net buyers for three consecutive months.

The SET’s market capitalisation ended the month at Bt13.14 trillion ($440 billion), up 11.04 per cent from the end of last year. The forward P/E ratio for the SET was at 14.18 times, up from 13.59 a month ago.