The Thailand SET Index is a composite index that represents the price movement of all stocks traded on the Stock Exchange of Thailand (SET). It serves as a benchmark for the overall performance of the Thai stock market. Here's a detailed analysis of the SET Index:
- Current Performance: As of the latest data, the SET Index is at 1,364.48, with a decrease of 3.36% and a trading volume of 13,237,649 shares. The market capitalization of the SET50 index is 840.13, with a decrease of 3.39% and a trading volume of 1,566,919 shares1.
- Historical Performance: The SET Index has shown fluctuations over time. For instance, on January 30, 2023, Asian shares rose, but the Hang Seng dropped over 2% due to reports of Alibaba's headquarters shift2. However, the SET Index has also experienced gains, such as when it rose on May 19, 2024, due to stimulus measures in China and strength in the technology sector3.
- Market Dynamics: The SET Index is influenced by various factors, including economic conditions, global market trends, and company performance. For example, a survey by BofA showed that fund managers saw a 5% to 10% upside in Asian stocks, indicating positive expectations for the region's equities3.
- Sector Performance: Different sectors within the Thai stock market can impact the SET Index. For instance, the technology sector has shown strength, which has contributed to the index's performance3.
- Volatility and Risk: The SET Index has experienced volatility, as seen in the decline of the Hang Seng Index on certain days. However, the overall trend of the SET Index indicates resilience and potential for recovery23.
In conclusion, the Thailand SET Index is a key indicator of the Thai stock market's performance, influenced by various domestic and international factors. It has shown fluctuations but also resilience, reflecting the broader economic and market conditions in Thailand and the region.
6/26/2024 06:35am
