Bangkok, Thailand
Currency : Thai baht
Indices : Stock Exchange of Thailand
Website : https://www.set.or.th/th/home
people
Founded
1975
analytics
No. of listings
834
trending
Market cap
US$ 0.56 trillion
History
The precursor to the Bangkok Stock Exchange was established as a private entity in July 1962. However, it ceased operations in the early 1970s due to a lack of government support and limited interest and understanding of the equity market among the populace.
The evolution of the modern Thai capital market occurred in two phases. Initially, the privately owned Bangkok Stock Exchange operated from 1962 to the early 1970s. The Second National Economic and Social Development Plan (1967-1971) led to the establishment of the Securities Exchange of Thailand, aiming to mobilize funds for industrialization and economic development. By 1975, the foundational legislative framework was in place, and on April 30, 1975, the Securities Exchange of Thailand officially commenced trading. Subsequently, on January 1, 1991, the name was formally changed to the Stock Exchange of Thailand (SET).
The SET Index calculation is dynamically adjusted to account for changes in stock values triggered by events such as public offerings, exercised warrants, or conversions of preferred to common shares. This ensures that only price movements influence the index. Notably, on September 10, 2014, SET achieved a milestone by becoming the first Southeast Asian country and ASEAN member to join the United Nations Sustainable Stock Exchanges initiative.
As of August 2023, the Thai stock market has drawn investors from 124 countries, an increase from the previous year’s 116. The top ten nationalities collectively held Thai stocks worth US$147.5 billion (THB 4.77 trillion), representing 93.7% of all foreign stock ownership. The rankings of the first seven nationalities remained consistent from the previous year: the UK, Singapore, Hong Kong, Switzerland, the US, Japan, and Mauritius.
The exchange comprises two markets for listed companies: SET and mai (Market for Alternative Investment), the latter catering to small and medium enterprises. As of 2023, there are a total of 834 listed companies, with 601 on the main exchange and 188 on mai.