Stock manipulation has not been detected in the Thai market yet even though shares and trading volume have surged significantly, says the Stock Exchange of Thailand.
"Trading activity has soared, but the volume remains lower than in the first half of last year. Investment demand has increased due to higher market confidence, and we have not found any share manipulation. The supervision department has kept a close eye on trading," president Kesara Manchusree said yesterday.
Thai shares have rallied 7.8% since the military's takeover of power on May 22. Its average turnover has been 40-50 billion baht a day this month, up from 35 billion a day in the first half.
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