Summary of stock market conditions in April 2023, the index was negative 5% from the previous month, trading value decreased by 43% compared to the previous year. revealing that foreign capital flows out of the Thai stock market Consecutively for the third month in line with the region While there is an inflow of funds into the billion-dollar fund First time in 3 years
According to the IMF's forecast that the global economy in 2023 will slow down slightly. Although inflation remains above target. In addition, the labor market in many places is still tight. observed from the ratio between the number of unemployed positions and the number of unemployed However, there are signs that demand and supply in the labor market are returning to a better equilibrium. The effects of central banks' rapid rate hikes in the financial sector are also beginning to be seen. Depositors became insecure and gradually withdrew their funds from weak banks. Until the government has to urgently issue assistance measures In order not to spread the problem, however, for Thai listed companies, the impact is quite limited. Since there are quite a few assets linked to such financial institutions.
Mr. Soraphol Tulyasathien, Deputy Manager, Head of Corporate Strategic Planning Division The Stock Exchange of Thailand revealed that in April 2023, there were investments moving out of many regional stock markets. Including the Thai stock market. However, the Thai economic data released in the latest month reflects the prospects of exports and tourism that are likely to grow well in the future. In addition, the current account balance in March returned to a surplus higher than analysts expected This is a result of both trade and service balances. causing the baht to appreciate more than other countries in the region
Thai stock market situation
At the end of April 2023, the SET Index closed at 1,529.12 points, down 5.0% from the previous month and down 8.4% from the end of the previous year. by adjusting in the same direction as other stock market indices in ASEAN
The decline in the SET Index made investors more interested in Thai stock funds. by Thai Equity Fund (excluding tax saving funds) accumulated net inflows in the first 3 months totaling 3.3 billion baht, which was the first billion inflows in three years. There was a net inflow of 1.1 billion baht, with the largest inflow into Equity Large-Cap funds.
In April 2023, the average daily turnover in SET and mai was 46,811 million baht, a decrease of 43.1% from the same period last year, with the average daily turnover in the first 4 months of 2023 at 62,461 million baht. Foreigners are net sellers for the 3rd month after 4 consecutive months of net buying. In April 2023, foreign investors net sold 7,901 million baht, however, foreign investors accounted for the highest share of trading value for the 12th consecutive month.
In April 2023, 1 new company was listed on the SET, namely Millennium Group Corporation (Asia) Public Company Limited (MGC), and 1 stock on mai, Pilatus Marine Public Company Limited (PLT). )
The Thai stock market's forward P/E at the end of April 2023 was 15.0 times, above the average of Asian stock markets. which is at 12.4 times and Historical P/E is at 18.7 times, higher than the average of Asian stock markets. which is at the level of 13.9 times
Dividend yield ratio at end-April 2023 was 3.14%, below Asian stock markets' average of 3.36%.
Futures market conditions
In April 2023, the Futures Exchange (TFEX) had an average daily trading volume of 402,387 contracts, down 40.7% from the previous month, mainly due to the decline in all instruments. In particular, the decrease in SET50 Index Futures and Single Stock Futures and during the first 4 months of 2023, there was an average daily trading volume of 559,610 contracts, a decrease of 1.1% from the previous year, mainly due to a decrease in Single Stock Futures. Thai News Agency
Source: Thai News Agency