Thailand property shares of developers that form part of the ThailandPropertyNews Property Shares Index rose 3.33 percent during last week, and have risen by 2.54 percent since we started the Index on December 29, 2017.
The Index began on the back of media predictions that 2018 will be a good year to invest in Thailand property shares.
Buying Thailand property shares in each of the 16 companies that comprise the Index would have cost us THB 132.60 at the start, and are now worth THB 137.01 – a rise of 2.54 percent.
At the same time the Stock Exchange of Thailand has risen by 3.86 percent, hence our chosen basket of shares is underperforming to Stock Exchange as a whole.
Last week’s top riser in our Index was Origin Property for the second week. It saw a week-on-week rise of 11.92 percent.
Twelve of the 16 shares saw rises with the remaining four recording declines, the largest of which Singha Estate. This company’s shares were down more than 6 percent week-on-week, and it is the poorest performer since the Index began.
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