Bank of Ayudhya Public Company Limited (BAY) Is Yet to See Trading Action on Feb 15

Shares of Bank of Ayudhya Public Company Limited (BKK:BAY) closed at 38 yesterday. Bank of Ayudhya Public Company Limited currently has a total float of 7.36B shares and on average sees 219,232 shares exchange hands each day. The stock now has a 52-week low of 36.75 and high of 46.

SET Index: A Small But Terrible Index

Almost two decades after the Asian Financial Crisis of 1997, Asia has grown to become an economic powerhouse. And Bank of Ayudhya Public Company Limited is proud to work there. That time, almost all Asian nations had suffered vastly— especially Hong Kong, Indonesia, Laos, Malaysia, Philippines, South Korea, and Thailand. Even if the meltdown had begun with Thailand’s financial woes, the country has since then emerged victorious in the recovery process, successfully overcoming all the economic challenges.

Thailand is one of today’s fastest growing economies, thanks to the Stock Exchange of Thailand (SET). It may not yet be as experienced and as large as other stock exchanges in Asia but it is surely full of potentials that can facilitate further economic progress. There is no doubt that with a constant growth Bank of Ayudhya Public Company Limited and others will expand its lists of investors.

The SET

The SET was formed in April 1975 to serve as Thailand’s main stock exchange. More than 500 companies are already listed on it as of January 2015, bringing its total market valuation to almost $500 billion. Interestingly as well, the SET has made Thailand as the first Asian country to join the Sustainable Stock Exchanges initiative of the United Nations (UN).

The pre-market trading on the SET opens at 9:00 a.m. and lasts for 25 to 30 minutes. The regular trading immediately follows and lasts until 12:30 p.m. Before the regular trading resumes, there is another pre-market trading that opens at 2:00 p.m. and lasts for 25 to 30 minutes. Then, the regular trading immediately resumes and lasts until 4:30 p.m. As soon as the market closes, the post-market trading opens and lasts for 30 to 40 minutes. Investors are catching up with Bank of Ayudhya Public Company Limited at this time.

The SET Index

The SET Index was established a few days after the foundation of the SET in April 1975. Its base value of 100 points had also been established on that day.

The SET Index is a broad representation of the Thai equity market, paving way to the establishment of investible sub-indices: 1) SET100; and 2) SET50. The former monitors the 100 most active companies on the SET while the latter monitors the 50 most active companies. A stock cannot be included in the SET50 if it is not included in the SET100.

First published in August 1995, the SET50 has a base value of 1,000. Like its parent indices, it measures stocks based on market capitalization. Rebalancing of the components occur every December and June every year. The changes made then take effect on the first trading day of the following months, respectively.

The components of the SET50 are classified into various sectors. The biggest sectors include Transportation, Materials, and Energy.

In October 2011, the SET50 had posted its all-time low of 636.07. In May 2013, it had posted its all-time high of 1,079.78.

The potentials of the Thai equity market cannot be underestimated. The same goes for its growth prospects. By 2019, Asia is widely believed to account for more than a quarter of the global financial wealth; and Thailand is surely one of the reasons behind that success. Consequently, investors are strongly urged to invest on SET stocks today. Some of them prefer to invest in Bank of Ayudhya Public Company Limited.

More news for Bank of Ayudhya Public Company Limited (BKK:BAY) were recently published by: Forbes.com, which released: “Bangkok Was Supposed To Be Safe From Typhoons But They’ve Hit There Many Times Before – Forbes Now” on August 14, 2018. Theguardian.com‘s article titled: “Bangkok in three days: holiday itinerary | Travel – The Guardian” and published on September 18, 2013 is yet another important article.

Bank of Ayudhya Public Company Limited, through its subsidiaries, provides a range of banking services to individuals, corporates, small and medium-sized businesses, and financial institutions. The company has market cap of $279.52 billion. The company's Retail segment provides a range of banking and related financial services, such as current and savings accounts, fixed deposits, bill of exchange, housing loans, credit cards, personal loans and sale finance loans, hire-purchase and leasing, wealth management, and banc assurance products. It has a 11.27 P/E ratio. The Company’s Commercial segment offers financial services and products, including credit facilities from short term working capital, cash management, trade finance, transactional banking, advisory services, and treasury and money markets products.

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