SET unleashes Jump Plus programme

In a move to revive Thailand’s struggling equity market, the Stock Exchange of Thailand (SET) is set to launch the Jump Plus programme today, aiming to restore investor confidence and accelerate value creation among listed companies.

- NUNTAWUN POLKUAMDEE

This initiative follows a market rout that has erased more than 4 trillion baht in capitalisation on the Thai bourse year-to-date.

According to the SET, more than 300 listed companies on both the SET and the Market for Alternative Investment (MAI) expressed an interest in joining Jump Plus.

Thailand’s stock market has suffered a series of structural and external shocks over the past few years. Since the emergence of the pandemic, Thai equities have failed to capture investor interest, overshadowed by booming global trends in technology, artificial intelligence and innovation.

The negative sentiment was exacerbated by multiple factors, including fraud cases, scandals, geopolitical conflicts, US tariff hikes on imports, and persistent domestic political instability.

As of June 20 this year, foreign net sales of Thai equities totalled 82.2 billion baht year-to-date. Institutional investors were net sellers of 18.7 billion baht for the period, with retail investors the only net buyers, purchasing 112 billion in equities.