Have you ever wondered how big the stock markets in Southeast Asia really are? Which market is the largest? How many companies are listed? I decided to dive in and uncover the details—and the numbers might surprise you!
Southeast Asia Stock Market Capitalization 2024
| SEA Country | Exchange | Code | Market Cap | Market Cap (SGD) | Market Cap (USD) | No. of Stock Listings |
|---|---|---|---|---|---|---|
| Indonesia | Indonesia Stock Exchange | IDX | 12,552T Rp | S$1117.89B | US$829B | 936 |
| Singapore | Singapore Exchange | SGX | S$839,169M | S$839B | US$622.3B | 617 |
| Thailand | Stock Exchange of Thailand | SET | 18,226,016.68M baht | S$692.68B | US$513.68B | 639 |
| Malaysia | Bursa Malaysia | MYX | RM1.95T | S$588.33B | US$436.48B | 810 |
| Philippines | Philippine Stock Exchange | PSE | ₱18.79T | S$454.40B | US$337.12B | 284 |
| Vietnam | Vietnam Stock Exchange | VNX | VNĐ5.45 quadrillion | S$289.06B | US$214.45B | ~400 |
| Cambodia | Cambodia Securities Exchange | CSX | KHR19,261,810M | S$6.47B | US$4.8B | 11 |
| Laos | Lao Securities Exchange | LSX | 14,024,268.70M LAK | S$0.94B | US$0.70B | 10 |
| Myanmar | Yangon Stock Exchange | YSY | 756,553M kyat | S$0.49B | US$0.36B | 8 |
A Fun Comparison
While Southeast Asia’s stock markets are steadily growing, their combined market capitalization of US$2 trillion is still dwarfed by individual tech giants like Apple, Microsoft, or Nvidia, whose valuations exceed US$4 trillion each. Yet, size isn’t everything—these markets are home to unique opportunities that larger economies might not offer.
Indonesia’s Stock Exchange leads the pack with 936 listings and a market cap of US$829 billion, driven by strong consumer demand and natural resource exports.Thailand and Malaysia follow closely, with well-established markets and diverse industries, from tourism to electronics manufacturing.Vietnam, a rising star, has been gaining attention for its booming manufacturing sector and a young, tech-savvy population.
These regional markets might lack the massive valuations of global tech giants, but they offer untapped potential for growth and diversification.
Conclusion
Southeast Asia, a region known for its vibrant cultures, is also home to stock markets filled with opportunities. With a mix of longstanding companies and emerging players, there’s no telling which of these could turn out to be the next multi-bagger stock with the right catalysts.
One last fun fact before you go. Did you know that the combined total market capitalization of the 11 Southeast Asia markets exceeds US$2 trillion?
What’s Next?
If exploring the size and vibrancy of Southeast Asia’s stock markets has piqued your interest, why not take it a step further and invest in the region’s growth potential? The Lion-OCBC Securities China Merchants Emerging Asia Select Index ETF offers an easy way to tap into the rising stars of Emerging Asia, including countries like Malaysia, Indonesia, and Thailand. Find out more about how you can capture the next wave of economic growth from the rise of Asian Tigers 2.0 here.