Shares of Rockworth Public Company Limited (BKK:ROCK) closed at 15.7 yesterday. Rockworth Public Company Limited currently has a total float of 20.00M shares and on average sees 2,633 shares exchange hands each day. The stock now has a 52-week low of 15 and high of 20.3.

Stock Exchange Of Thailand 50 Index (SET50): Driving Thailand Economy

Stock Exchange of Thailand 50 Index (SET50) is the index of the top 50 largest companies listed on the Stock Exchange of Thailand (SET) in Bangkok. Including Rockworth Public Company Limited shares. SET50 has its broader sibling called SET100, which tracks the top 100 largest stocks on SET.

Both SET50 and SET100 are market capitalization-weighted indices and they draw their components from SET Index, which tracks all the common stocks listed on the SET.SET50 and SET100 were also developed to facilitate trading in index futures and options. As such, SET50 is an investible index.

SET50 was first published in August 1995 with the base value being set at 1000 points. The index sank to an all-time low of 636.07 points in October 2011 at a time when the global economy was just begin to recover from the aftermath of the worst financial meltdown in recent memory. However, SET50 shot back up in the next few years, hitting a lifetime high of 1079.78 in May 2013 as investor confidence strengthened amid strong returns by Thai companies.

Rebalancing ofSET50

SET50 is revised semi-annually in December and June. It is the time for Rockworth Public Company Limited to act and win new investors. During the rebalancing of the index, adjustments are made to reflect the recent changes in the stock market such as changes in the market capitalization of a component because of rights issue or debts converting to stock.

The revision of SET50 sometimes leads to certain stocks being eliminated from the index and new ones added. A stock may be dropped from SET50 if it has fallen short of the index listing requirements such a decline in market capitalization and change in the stock liquidity.

But a stock dropped from SET50 may still continue listing on the broader SET100index.

The constituents of SET50 represent various sectors. Energy, Construction materials and Transportation are the top three largest sectors in the index.

The Thai stock market

SET uses computerized trading systems that were first rolled out in April 1991 and have been enhanced multiple times in recent years to simplify stock trading on the platform. Some of those trading system upgrades have improved the interface and increase transaction speed. It helps Rockworth Public Company Limited to work fast.

Trading on SET rolls out in five sessions lasting between a few minutes and several hours. The morning pre-opening session starts at 9.30 a.m. and ends between 9.55 a.m. and 10.00 a.m. This pre-opening session is used to determine the open price for the regular morning session.

The regular morning session begins at 9.55 a.m. or 10.00 a.m., depending on when the pre-opening session ended, and runs until 12.30 p.m. at which the market takes a lunch break. Afternoon pre-opening session begins at 14.00 p.m. and lasts between 25 and 30 minutes before giving way to regular afternoon trading that begin anywhere between 14.25 p.m. and 14.30 p.m. and continues until 16.30 p.m.

The last session on SET is the afterhours trading that starts immediately the regular afternoon session ends at 16.30 p.m. and runs for 30 minutes to 40 minutes.

Appetite in Thai equities

A mix of diverse investment opportunities in Thailand, efforts to improve corporate governance standards and bright growth prospects of the Thai economy have contributed to strong appetite for Thai equities especially among retail investors from across the Asian region and beyond. They check such companies as Rockworth Public Company Limited for the liquidity.

More recent Rockworth Public Company Limited (BKK:ROCK) news were published by: Techcrunch.com which released: “Founders Fund invests in Tibber, a Norwegian AI to smartly manage energy – TechCrunch” on March 19, 2019. Also Nytimes.com published the news titled: “36 Hours in Bangkok – The New York Times” on February 15, 2018. Forbes.com‘s news article titled: “Asia’s Most Interesting Luxury Hotel: The Siam in Bangkok – Forbes Now” with publication date: May 08, 2017 was also an interesting one.

Rockworth Public Company Limited manufactures, distributes, and markets office systems furniture in Thailand and internationally. The company has market cap of $314.00 million. The Company’s products include de-mountable, interior wall, and full height storage systems; panel systems; desking systems; executive systems; tables and training systems; seating and lounges; and filing and storage systems. It has a 29.02 P/E ratio. The firm also provides flat screen arms, CPU holders, and keyboard trays; lighting products; and mounted accessories.