SET and TFEX to extend temporary rules until no later than Sept 30

Stocks and Financial Services Press Releases Friday June 26, 2020 09:19
Bangkok--26 Jun--The Stock Exchange of Thailand

The Stock Exchange of Thailand (SET) will prolong its recent trading rule amendments, which are short-selling and ceiling & floor, until September 30, 2020, or before, (from June 30 previously) due to continued market volatility as well as uncertain global economy and the COVID-19 pandemic situation. Likewise, Thailand Futures Exchange’s (TFEX) daily price limit rule will be extended to the same effective end date. The period extension has already undergone the hearing from stakeholders and has been approved by the Securities and Exchange Commission (SEC).

The short-selling rule has lately been tightened by allowing investors to trade only at the price higher than the last trading price (uptick), while ceiling & floor rule has been adjusted to +/- 15% from +/- 30%, in order to mitigate market disturbance caused by COVID-19 crisis.

Meanwhile, TFEX has recently announced the amended rule of daily price limit of SET50 Index Futures, SET50 Index Options, Sector Futures, and Single Stock Futures to +/- 15% from +/- 30% of the latest settlement price to be in line with underlying assets.

Latest Press Release

CPFTH, a subsidiary of CPF, plan to issue and offer a debenture to institutional & HNW investors within 20 August 2020

CPF (Thailand) Public Company Limited (CPFTH), a subsidiary of Charoen Pokphand Foods Public Company Limited (CPF) holding 99.99% stake in, has filed the Registration Statement with the Office of the Securities and Exchange Commission (SEC) in order to...

PSP Investments Posts 8.5% 10-year Annualized Rate of Return for Fiscal Year 2020

Focus on long-term horizon and diversification safeguards pensions of contributors and beneficiaries who dedicate their professional lives to public service. Highlights: - Ten-year net annualized return of 8.5%—above the return objective of...

Fitch Affirms Risland (Thailand)'s Guaranteed Debentures at 'AA(tha)'

Fitch Ratings (Thailand) Limited has affirmed the National Long-Term Rating of residential-property developer Risland (Thailand) Company Limited's (RLT) THB1.5 billion guaranteed debentures due 2022 at 'AA(tha)'. The Outlook is Stable. KEY RATING...

Fitch Rates IRPC's New Debenture Programme 'A-(tha)'

Fitch Ratings (Thailand) has assigned IRPC Public Company Limited's (A-(tha)/Stable) upcoming THB28 billion medium-term debenture programme a National Long-Term Rating of 'A-(tha)'. Debentures under the programme will be senior unsecured with a maturity...

SCB partners with Ripple to offer a special promotion for “International Money Transfer Service via SCB EASY” at only 199 Baht per transaction

Siam Commercial Bank has teamed up with Ripple to offer a special “International Money Transfer via SCB EASY” promotion at only 199 Baht per transaction from the regular rate of 399 Baht per transaction. The promotion serves customers’...

Related Topics