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business

Thai investors spending more on derivative warrants this year


The value of average daily trading of derivative warrants has hit a new high this year at Bt9.9 billion, up 46 per cent from Bt6.8 billion last year, a KGI Securities (Thailand) expert said on Tuesday.

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Janewit Chinkunkunniwat, managing director of KGI Securities’ Derivatives Business Division, said the trading value of derivative warrants from January 1 to March 26 was Bt576 billion thanks to the bounce in Thai stock market.

He said most investors had bought more call warrants rather than put warrants. The top five derivative warrants popular among investors are Krung Thai Card (KTC) with a trading value of Bt14 billion, followed by Global Power Synergy (GPSC) of Bt11.8 billion, Energy Absolute (EA) of Bt11.7 billion, Sri Trang Agro-Industry (STA) of Bt9.8 billion and Srisawad Corporation (SAWAD) of Bt8.9 billion.

“We expect the trading value of derivative warrants to rise further as it accounts for 10 per cent of the capital market,” he said.

KGI Securities has launched 260 derivative warrants in the first three months of this year, compared to 812 for the whole of last year.

"We expect to launch approximately 1,000 derivative warrants by the end of this year," he added.

Atthanan Piyaseth, head of structured products at Bualuang Securities, expects investors to spend on derivative warrants related to the country reopening in the second quarter of this year.

Published : March 30, 2021

By : The Nation