The ThailandProperty.News Property Shares Index rose for a second week running, up by 0.42 percent week-on-week and by 0.77 percent since we started the Index on December 29 last year.
The Index began following predictions that property shares are likely to see high returns this year.
On December 29 2017, we theoretically purchased one share in 16 random public property companies listed on the Stock Exchange of Thailand (SET). The list appears below.
Today, after two weeks of trading, we are sitting on a theoretical profit of THB 1.02.
At the close of the SET yesterday (Friday), our Index closed at 133.62. At the start in was 132.60.
Our Index underperformed the Stock Exchange of Thailand as a whole this week, which rose at a faster rate.
In the last seven days, 11 of our 16 shares rose in price with five witnessing a decline.
Of the risers this week, AP Thailand (AP) was the top performer with a week-on-week rise of 4.00 percent.
The 16 listed Thailand property companies we have chosen to form our first Property Shares Index are: Ananda Development, AP (Thailand), Eastern Star, Golden Land, Land and Houses, LPN Development, Major Development, Origin Property, Prinsiri, Pruksa, Quality Houses, Raimon Land, Singha Estate, SC Asset Corporation, Sansiri and Supalai.
This Index will be updated every Saturday.