Bangkok--23 Mar--SET
The Stock Exchange of Thailand (SET) will lower the number of price spreads for securities to eight spreads (from ten), and will lower the price intervals for higher priced stocks, effective March 30, 2009. Starting this same date, it will also report the top five bids and top five offers, up from the top three of each. These adjustments will boost trading liquidity and reduce execution costs.
“These adjustments will help increase trading activities and follow the practice in other international capital markets, which tend to narrow their stock price spreads. The changes also raise the attractiveness of the Thai bourse, supporting its objective to facilitate and reduce cost of investors, which are all in line with the Thai capital market’s competitiveness strategic plan,” SET President Patareeya Benjapolchai said.
Stocks costing not over THB50 will use the same price spreads as before. However, after the changes, prices of THB25 and up, but less than THB100, will move in intervals of THB0.25; those of THB100 and up but less than THB200, in intervals of THB0.50; those of THB200 and up but less than THB400, in intervals of THB1.00, and those of THB400 and up, in intervals of THB2.00.
“In addition, SET’s reporting more best bid/best offer prices will help investors analyze and offer bids more efficiently,” concluded Ms. Patareeya.
For more information, please visit www.set.or.th or call S-E-T Call Center 0 2229 2222.
Press office, please contact Public Relations Unit, the Corporate Communications Dept.:
Ladawan Kantawong Tel: 0-2229-2036 / Kanokwan Khemmalai Tel: 0-2229-2048 / Panitee Chatpolarak Tel: 0-2229-2792