29 / 196
29
Thai bourse’s 2014
performance
In 2014, The Stock Exchange of Thailand (SET) continued to grow, despite domestic political
uncertainty and global volatility.
At the end of 2014, SET index closed at 1,497.67 points,
up by 15.32 percent from the end of 2013. The daily trading value of SET and mai averaged
at THB 45,466 million (USD 1,378 million), the highest trading value in ASEAN for three
consecutive years. Total market capitalization of SET andmai, on 27 November 2014, increased
to THB 15.1 trillion (USD 458 billion), all time high for the Thai stock market. The number
of trading accounts exceeded one million accounts for the first time in history. Finally, Thai
stocks continued to expand their presence on the leading global indices—MSCI and DJSI,
proving the strong potential and world-class quality of Thai listed companies.
The Thai stock markets performed well in 2014,
despite domestic political turmoil and global volatility.
The onset of prolonged political unrest in October
2013 weighed on investor sentiment during the first
half of 2014. However, as political stability returned,
SET index rebounded swiftly and rallied to a 16-month
high of 1,600.2 in September 2014. This resiliency
of Thai stock market was attributed to strong
fundamentals, the strength of Thai listed companies
and a deep and diversified market. In addition, the Thai
stock market benefited from accommodative monetary
policy in Europe and quantitative easing in Japan.
In the last quarter of 2014, concerns over global
economic slowdown and plummeting oil prices again
dragged the market lower. At the end of 2014, SET
closed at 1,497.67, up by 15.32 percent from the
end of 2013 while mai closed at 700.05, up by 96.20
percent from the end of 2013.
In 2014, the Thai stock markets’ achievements-
both quantitative and qualitative-were exceptional.
These included:
Overview