Bangkok--26 Mar--SET
The Stock Exchange of Thailand (SET) has narrowed the ceiling and floor prices of stocks costing less than THB0.10 to be plus or minus no more than 30% of the previous day’s closing level, SET Executive Vice President and Board of Governors Secretary Suthichai Chitvanich said.
This revision means that all listed stocks will be able to vary within the same range of +/- 30%, except for stocks costing THB0.01-THB0.03, which will be allowed to move within a range of +/- 1 spread. (This exception is granted because +/- 30% of the previous day’s closing price would be less than 1 spread.) Currently, stocks costing under THB0.10 are allowed to move not over +/- 100% of the previous day’s closing level.
“SET Board of Governors has agreed with the trading system working group’s proposal as recommended by member companies for this narrowing of price ranges, since it will reduce stock price volatility and risk of both investors and member companies,” said Mr. Suthichai. The working group consists of representatives from the Association of Securities Companies
SET will issue the relevant regulations and adjust trading systems to support the regulations later, and notify the public accordingly.
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