SET attempts to contain speculators, cool prices | Bangkok Post: business

Business > News

SET attempts to contain speculators, cool prices

- +

The Stock Exchange of Thailand yesterday announced it will toughen measures against speculators to help cool share prices. 

From March 1, stocks singled out for "abnormal trading patterns" will have to trade using cash balance accounts for six consecutive weeks, double the previous three-week minimum.

Year-to-date, 44 stocks have been singled out for trading restrictions compared with 50 for all of 2012, signalling an increase in trading volume of speculative stocks. The SET index has risen by nearly 10% from January and is up by 23% over the past six months.

This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.

1 people commented about the above

Readers are urged not to submit comments that may cause legal dispute including slanderous, vulgar or violent language, incorrectly spelt names, discuss moderation action, quotes with no source or anything deemed critical of the monarchy. More information in our terms of use.

Please use our forum for more candid, lengthy, conversational and open discussion between one another.

  • Latest
  • Oldest
  • Most replied to
  • Most liked
  • Most disliked

    Click here to view more comments