Bangkok--22 Sep--SET
The Stock Exchange of Thailand (SET) Board of Governors approved steps that management had taken to handle the change in government of September 19 and asked management to continue actively working with related parties, e.g., securities firms and listed companies which have Investor Relations Units, to promote understanding among investors. Keeping investors informed will enhance their confidence and keep them updated.
The SET held a special meeting to wrap up the current situation after the Administrative Reform Council (ARC) took power.
SET’s actions taken in response to the takeover including closing trading and operations of SET, Market for Alternative Investment (mai), Bond Electronic Exchange (BEX), Thailand Futures Exchange PCL (TFEX), and Thailand Clearing House Co., Ltd. (TCH) for one day (September 20), SET President Ms. Patareeya Benjapolchai disclosed.
Since September 20 became a public holiday, securities-related work, e.g., clearing and settlement, were postponed for one day, and SET had informed securities companies and related parties accordingly. Deadlines for share registration and submitting shareholder information for registration book closing was postponed to the following business day as well.
Management also reported on the circumstances surrounding and effects of past crises on trading statistics. She reviewed SET’s circuit breaker system, noting that if the SET index falls by 10% from the previous day’s close, all trading in securities would be halted for 30 minutes. If the index fell by 20% from the previous day’s close (i.e., another 10% from the first halt), all trading would be halted for one hour.
For more information, please contact the Corporate Communications Dept.:
Ladawan Kantawong Tel: 0-2229-2036 / Kulvida Jintakawong Tel: 0-2229-2037 /
Nattaporn Boonprapa Tel: 0-2229-2049 / Watsamon Saowakhonsathien Tel: 0-2229-2797