Property shares: a mixed week

property shares index
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Our exclusive ThailandProperty.News Property Shares Index is a month old.

We started this initiative based on media predictions that this year will be a good one for investments in shares in listed Thailand property developers.

On December 29, 2017, we made a theoretical purchase of one share of 16 listed Thailand property companies to form the first ever ThailandProperty.News Property Shares Index.

We chose shares of 16 listed developers. These were 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.

At the start this would have cost us THB 132.60.

At the end of trading this week those same shares are worth THB 136.81 – a rise of 3.17 percent.

During the same period the Stock Exchange of Thailand as a whole has risen 4,29 percent.

Week-on-week, our shares saw a 1.15 percent in value. Half of the 16 companies saw a week-on-week decline in the value of their shares, with seven rising and one remaining unchanged.

Last week’s top performer was Prinsiri with a 4.95 percent week-on-week increase.

Since the start of our Index two companies – Land and Houses and Origin Property – are showing double-digit increases in their shares prices.

This Index will be updated every weekend.

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