Stock Exchange of Thailand (SET) is a stock exchange based in Bangkok, Thailand. The acronym or abbreviation for this market is SET. This page contains information on the trading hours, market holidays, contact information and more.
Stock Exchange of Thailand is located in the country of Thailand.
The main currency of Stock Exchange of Thailand is THB. It's symbol is ฿.
The Stock Exchange of Thailand: A Tale of Growth and Resilience
The Stock Exchange of Thailand (SET) is a leading financial market in Southeast Asia that provides trading facilities for equities, derivatives, and other financial instruments. As of December 2020, the SET had 703 listed companies with a combined market capitalization of THB 18.55 trillion (approximately USD 611 billion). The SET's main index, SET Index, tracks the performance of the country's top 50 listed companies based on market capitalization.
History of Stock Exchange of Thailand
The origin of SET can be traced back to 1969 when the Thai government established the Securities Exchange of Thailand (SET). Initially, the SET was only a modest board for securities trading that operated under the Ministry of Finance. However, following a series of structural changes and regulatory reforms in the 1980s and 1990s, the SET transformed into a self-regulatory organization that facilitated trading in a range of securities and financial products.
In the late 1990s, the SET faced one of the most challenging periods in its history. The Asian financial crisis, which started in 1997, wreaked havoc on the Thai economy and eroded investor confidence in the SET. The SET's benchmark index plummeted by over 70% within a year, causing widespread panic and a sharp decline in trading activity.
Despite the daunting challenges, the SET managed to regain momentum in the early 2000s amid a period of political and economic stability. The exchange underwent a major overhaul, introducing new trading platforms, systems, and regulatory measures that enhanced transparency, market efficiency, and investor protection. The SET also joined forces with other regional exchanges and established cross-border trading links that expanded the exchange's liquidity and international reach.
Stock Exchange of Thailand Today
Today, the SET is a highly advanced and diversified financial marketplace that attracts domestic and international investors alike. The exchange boasts a high level of liquidity, with an average daily trading value of around THB 60-80 billion (approximately USD 2-2.6 billion) in 2020. The SET operates under a sound regulatory framework that meets international standards and ensures fair, transparent, and orderly trading.
The SET is home to many industry sectors, including energy, finance, telecommunication, and consumer goods. Some of the country's largest and most successful companies, such as PTT, Bangkok Bank, and CP Group, are listed on the exchange. The SET has also launched several new products and services in recent years, including exchange-traded funds (ETFs), real estate investment trusts (REITs), and sustainability-linked bonds, to meet the changing needs of investors and issuers.
The Stock Exchange of Thailand is a remarkable success story of growth, resilience, and adaptation. From its humble beginnings as a government agency to a leading regional exchange, the SET has navigated through multiple crises and emerged stronger and more innovative than ever. As Thailand continues to propel forward with its new economic model, the SET is poised to play an instrumental role in supporting the country's long-term sustainable growth.
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