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TFEX Recap October 2016




The SET50 Index closed last week at 943.85 points, a decrease of 13.4 points or -1.40% from the previous week. The most SET50 Futures contract was S50Z16 (expiring in on December 2016) was settled at 944.80 points, a increase of 12.9 points or -1.35% from the previous week.


The U.S. stocks at the beginning of last week increased, lifted by Hillary Clinton's widening lead in the U.S. presidential campaign and by a surge in oil prices. However, on Tuesday they posted their biggest percentage drop as third-quarter earnings season got under way. In addition, jobless claims held at a 43-year low last week, while U.S. import prices rose less than expected. Export prices, meanwhile, rose 0.3 percent. The Dow Jones Industrial Average on Thursday declined 45.26 points, or 0.25%, to 18098.94, after earlier dropping as much as 184 points. Materials and energy stocks declined on fears that weakness in China could damp demand for energy and raw materials.


In Thailand, on Monday Thai shares fell after the palace said late on Sunday that King Bhumibol Adulyadej's health was in an unstable condition. Then Thai stocks fell nearly 7 percent on Wednesday to their lowest in seven months after police warned of a bomb plot in Bangkok and on concerns about the health of 88-year-old King Bhumibol Adulyadej. However, Thai shares rose 4.6 percent on Friday, the sharpest in five years, as markets stayed calm after the passing of King Bhumibol Adulyadej on Thursday.


For TFEX, the daily average trading volume was 690,783 contracts, an increase of 410,635 contracts or 146.58% from the previous week. The most actively traded product was SET50 Futures with 820,401 contracts, or 164,080 contracts per day. Total market open interest was at 1,785,772 contracts, an increase of 1,292,545 or 262.06% from the previous week.


TFEX Trading Statistics

SET50 Index Futures Series Comparison


TFEX Investor Type

SET50 Index and SET50 Index Futures Price Comparison


RISK DISCLAIMER: Trading in futures products entails significant risks of loss which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies cited herein is not necessarily indicative of future performance. The information contained herein is provided to you for information only and believed to be drawn from reliable sources but cannot be guaranteed; Phillip Capital Inc. assumes no responsibility for errors or omissions. The views and opinions expressed in this letter are those of the author and do not reflect the views of Phillip Capital Inc. or its staff.