SET closes down 3.29 to 1,348.84

The Stock Exchange of Thailand main index fell 0.24%, or 3.29 points, to 1,348.84 on Tuesday.

Total trading value was 43.78 billion baht, with 10.40 billion shares changed hands.

SET50 index dropped 0.48%, or 4.20 points, to 868.04 in trade worth 24.55 billion baht.

MAI slipped 0.42%, or 2.42 points, to 576.64, in total transaction value of 1.29 billion baht.

Small investors bought a net 2.74 billion baht, followed by local institutions (1.94 billion). Foreign investors sold 2.76 billion baht, followed by brokers (1.92 billion).

Year-to-date, foreign investors sold a combined 106.33 billion baht, followed by brokers (11.49 billion).

JWD Infologistics Plc, an integrated logistics service provider, began trade in the SET's Services industry, Transportation & Logistics sector on Tuesday, under the JWD ticker symbol.

Its shares closed up 4.90 baht or 44.55% to the high of 15.90 baht from the initial public offering (IPO) price. They traded in a range between 13.10 and 15.90 baht during the day.

The company has market capitalisation at its IPO of 6.6 billion baht, the SET said in Monday's statement.

JWD offers warehouse services including tax-free zone, general-zone and free-zone warehouses; domestic and cross-border transportation and distribution; house and office moving; and records and information management.

JWD has paid-up registered capital of 300 million baht, consisting of 480 million existing common shares and 120 million newly issued shares, with a par value of 0.50 baht each.

It offered new shares to the general public via the IPO during Sept 21-23 at 11 baht each, representing the price-to-earnings ratio of 34.79 times, for a total of 1.32 billion baht.

JWD chief executive Charvanin Bunditkitsada said the fund raised would be for working capital, debt repayment and business expansion.

JWD's three major shareholders after IPO are Mr Charvanin's group (50.44%), Jitchai Nimitpanya's group (18.24%) and Mindo Asia Investments Ltd (4%).