SET index
| SET index | |
|---|---|
| base data | |
| Country | Thailand |
| Stock exchange | Stock Exchange of Thailand |
| ISIN | XC0009655199 |
| WKN | 965519 |
| symbol | SETI |
| RIC | ^ SETI |
| Bloomberg code | SET <INDEX> |
| category | Stock index |
| Type | Price index |
| family | SET indices |
The SET Index is the leading stock index in Thailand . It includes all companies listed on the Stock Exchange of Thailand (SET).
calculation
The SET Index is a price index in which all public companies of the Stock Exchange of Thailand (SET) are listed. It reflects the development of the entire Thai stock market. The index level is determined solely on the basis of share prices and only adjusted for income from subscription rights and special payments. The weighting is based on the market capitalization of the listed companies. Corporate actions such as stock splits have no (distorting) influence on the index. The calculation is continuously updated during SET trading hours.
history
20th century
The SET Index started on April 30, 1975 with a base value of 100 points. On March 17, 1976, the leading Thai index closed at 76.44 points, an all-time low. By November 24, 1978 it rose to a closing level of 266.20 points. During the recession in the early 1980s, the index lost 61.6 percent of its value. On April 14, 1982, it ended trading at 102.03 points.
By October 16, 1987, the stock market barometer rose by 363.5 percent to a closing level of 472.86 points. After Black Monday on October 19, 1987 on the New York Stock Exchange , when the value of the Dow Jones index plummeted by 22.6 percent, the SET index fell again. On January 4, 1988, it ended trading at 287.71 points. The loss since October 1987 is 39.2 percent.
As a result of the liberalization of the financial sector, a credit boom arose in Thailand in the late 1980s / early 1990s. The growth of the credit volume during this period averaged 8 to 10 percent above the growth rates of the gross domestic product (GDP). An ever larger part of the loans was used to buy stocks and real estate. The result was a surge in the stock market and a sharp rise in property prices.
On April 29, 1989, the share index closed for the first time above the limit of 500 points and on May 31, 1990 for the first time above the 1,000-point mark. On July 25, 1990, the SET Index finished trading at 1,143.78 points, 297.5 percent higher. Four months later, on November 30, 1990, it closed at 544.30 points. The loss is 52.4 percent. In the following 3 years, the leading Thai index rose by 222.2 percent. On December 16, 1993, it closed for the first time above the limit of 1,500 points. On January 4, 1994, the index marked an all-time high with a closing level of 1,753.73 points.
Overheating and economic policy mistakes made Thailand one of the epicenter of the Asian crisis in the mid-1990s : speculation against the fixed exchange rate of the baht against the US dollar led to the abandonment of the exchange rate system, massive devaluation of the baht and a banking crisis in 1997 . In 1998 the economy shrank by a massive 10.4 percent. In the course of the crisis, the SET Index lost value. On September 4, 1998, it closed at 207.31 points, 88.2 percent lower than in January 1994. It is the biggest fall in the history of the index.
On June 22, 1999, the stock market barometer ended trading at 545.91 points. The increase since September 1998 is 163.3 percent.
21st century
After the speculative bubble burst in the technology sector ( dot-com bubble ), the SET Index fell to a low of 250.60 points by October 11, 2000. That was a decrease of 54.1 percent since June 1999. By October 29, 2007 the share index rose to a closing level of 915.03 points. The profit since October 2000 is 265.1 percent.
In the course of the international financial crisis , which had its origin in the US real estate crisis in the summer of 2007, the index began to decline again. From the third quarter of 2008, the crisis increasingly affected the real economy. As a result, share prices collapsed worldwide. On October 8, 2008, the stock market barometer closed with 492.34 points below the 500-point mark. The SET Index hit a new low on October 29, 2008 when it ended trading at 384.15 points. This corresponds to a decrease of 58.0 percent since October 2007.
October 29, 2008 marks the turning point in the downward trend. From autumn 2008 the index was on the way up again. By January 9, 2013, the leading Thai index rose by 270.6 percent to a closing level of 1,423.46 points.
Highs
The overview shows the all-time highs of the SET index.
| Points | date | |
|---|---|---|
| in the course of trading | 1,789.16 | Wednesday 5th January 1994 |
| on a closing price basis | 1,753.73 | Tuesday 4th January 1994 |
Milestones
The table shows the milestones of the SET Index since 1975.
| First close over |
Final score in points |
date |
|---|---|---|
| 100 | 100.00 | April 30, 1975 |
| 500 | 500.21 | April 29, 1989 |
| 1,000 | 1,000.71 | May 31, 1990 |
| 1,100 | 1,107.68 | July 19, 1990 |
| 1,200 | 1,206.99 | October 28, 1993 |
| 1,300 | 1,335.47 | 2nd November 1993 |
| 1,400 | 1,459.11 | December 8, 1993 |
| 1,500 | 1,526.79 | December 16, 1993 |
| 1,600 | 1,625.29 | December 28, 1993 |
| 1,700 | 1,753.73 | 4th January 1994 |
Annual development
The table shows the annual development of the SET Index since 1975.
| year | Final score in points |
Change in points |
Change in% |
|---|---|---|---|
| 1975 | 84.08 | ||
| 1976 | 82.70 | −1.38 | −1.64 |
| 1977 | 181.59 | 98.89 | 119.58 |
| 1978 | 257.73 | 76.14 | 41.93 |
| 1979 | 149.40 | −108.33 | −42.03 |
| 1980 | 124.67 | −24.73 | −16.55 |
| 1981 | 106.62 | −18.05 | −14.48 |
| 1982 | 123.50 | 16.88 | 15.83 |
| 1983 | 134.47 | 10.97 | 8.88 |
| 1984 | 142.29 | 7.82 | 5.82 |
| 1985 | 134.95 | −7.34 | −5.16 |
| 1986 | 207.20 | 72.25 | 53.54 |
| 1987 | 284.94 | 77.74 | 37.52 |
| 1988 | 386.73 | 101.79 | 35.72 |
| 1989 | 879.19 | 492.46 | 127.34 |
| 1990 | 612.86 | −266.33 | −30.29 |
| 1991 | 711.36 | 98.50 | 16.07 |
| 1992 | 893.42 | 182.06 | 25.59 |
| 1993 | 1,682.85 | 789.43 | 88.36 |
| 1994 | 1,360.09 | −322.76 | −19.18 |
| 1995 | 1,280.81 | -79.28 | −5.83 |
| 1996 | 831.57 | −449.24 | −35.07 |
| 1997 | 372.69 | −458.88 | −55.18 |
| 1998 | 355.81 | −16.88 | −4.53 |
| 1999 | 481.92 | 126.11 | 35.44 |
| 2000 | 269.19 | −212.73 | −44.14 |
| 2001 | 303.85 | 34.66 | 12.88 |
| 2002 | 356.48 | 52.63 | 17.32 |
| 2003 | 772.15 | 415.67 | 116.60 |
| 2004 | 668.10 | −104.05 | −13.48 |
| 2005 | 713.73 | 45.63 | 6.83 |
| 2006 | 679.84 | −33.89 | −4.75 |
| 2007 | 858.10 | 178.26 | 26.22 |
| 2008 | 449.96 | −408.14 | −47.56 |
| 2009 | 734.54 | 284.58 | 63.25 |
| 2010 | 1,032.76 | 298.22 | 40.60 |
| 2011 | 1,025.32 | −7.44 | −0.72 |
| 2012 | 1,391.93 | 366.61 | 35.76 |
| 2013 | 1,298.71 | −93.22 | −6.70 |
| 2014 | 1,497.67 | 198.96 | 15.32 |
| 2015 | 1,288.02 | −209.65 | −14.00 |
| 2016 | 1,542.94 | 254.92 | 19.79 |
| 2017 | 1,753.71 | 210.77 | 13.66 |
| 2018 | 1,563.88 | −189.83 | −10.82 |
Web links
Individual evidence
- ↑ a b c Stooq: Historical prices from 1987 onwards (daily)
- ↑ Stock Exchange of Thailand: Historical prices from 1975 (monthly)
- ↑ SET Index (Thailand) Yearly Stock Returns. Retrieved December 13, 2019 .