The changes extended government control and regulation over the operations of finance and securities companies, which until then had operated fairly freely. In 1972, the Thai government took a step in creating a capital market. It finally ceased operations in the early 1970s due to a lack of government support and limited interest and understanding of the equity market among populace. History The Stock Exchange of Thailand Ī precursor Bangkok Stock Exchange was established in July 1962 as a private entity. Other ASEAN countries namely Cambodia, Laos and Myanmar also have exchanges with the exception of Brunei. To attract foreign investors and encourage cross-investment within ASEAN, exchanges in the region co-operate to facilitate investing in Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam. Currently, the exchange has no foreign listing but ones can invest overseas by buying DR (depository receipt) which has been launched since 2018 as well as ETF. The US, China (including Hong Kong) and Vietnam are among the most popular, followed by Europe and India. There has been growing interest in overseas investment among domestic investors. Remained unchanged from the previous year: the UK, Singapore, Hong Kong, Switzerland, the The rank of the first seven nationalities The top ten nationalities’ holdings of Thai stocks amounted to US$147.5 billion (THB 4.77 trillion),Īccounting for 93.7 percent of all foreign stock ownership. The exchange also runs a separate market for derivatives.Īs of August 2021, the Thai bourse attracted investors from 124 countries, up from 116 the Īpart from common stocks, investors can trade other types of securities including warrant, derivative warrant (DW), depositary receipt (DR), exchange-traded fund (ETF), property fund (PF)/ real estate investment trust (REIT) and infrastructure fund. There are 818 listed companies as of 22 February 2023: 614 companies on the main exchange and 204 on mai. The exchange has 2 markets for listed companies: SET and mai ( Market for Alternative Investment) the latter of which is for small and medium enterprises. SET has stricter price regulations than some other exchanges, normally disallowing stock prices to rise or drop more than 30% in a day. It made intraday all-time high at 1852.51 on 27 February 2018, surpassing the previous high of 1789.16 on 5 January 1994. SET index is the oldest and the most cited equity index in Thailand. Based on the number of investors, about 3% of people in Thailand participate in the stock market. In recent years, the number of market participants has risen sharply: trading accounts has increased almost 10 times from 2008 to 2022. It is also the region’s most active bourse for 10 consecutive years with daily trading turnover normally exceeding USD 2 billion. From 2015 to June 2020 it was the biggest IPO market in Southeast Asia in terms of accumulated raised fund at USD 17.8 billion (THB 598.0147 billion). Founded on 30 April 1975, it is ASEAN’s 2nd largest after Singapore and the world's 25th by market capitalization at US$513 billion (both SET and mai) as of 22 October 2022. The Stock Exchange of Thailand ( Thai: ตลาดหลักทรัพย์แห่งประเทศไทย), or SET, is the only stock exchange in Thailand. Pakorn Peetathawatchai, President since 1 June 2018ġ9.035 trillion baht for SET and 495 billion for mai ()
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