SET News : Thai Stock Exchange Revises Ceiling & Floor and Circuit Breaker Rules as Volatility Surges

SET - Volatility SurgesBANGKOK, March 17, 2020 – The Stock Exchange of Thailand (SET) announces that in light of the COVID-19 pandemic and global economic worries that have caused stock market meltdown worldwide as volatility surges, SET has launched the first measure by tightening short selling to trade only the price higher than the last trading price (uptick) effective since the afternoon trading session of March 13, 2020.

Given continued volatility, SET announces further tightening of trading measures by adjusting ceiling and floor criteria and circuit breaker (temporarily halt in trading) rule, effective from March 18, 2020 and would last no longer than June 30, 2020.

– Revised Ceiling & Floor for SET, mai and TFEX

SET mai: Stocks / investment units / warrant / DW / ETF / TSR / DR, Current +/- 30%, New +/- 15% Foreign share, Current +/- 60% New +/- 30%

TFEX: Index Futures / Options / Sector Futures / Single Stock Futures, Current +/- 30% New +/- 15%

– Revised Circuit Breaker Current Level 1 Trigger Value -10% Halt Action 30 mins Level 2 Trigger Value -20% Halt Action 60 mins

New Level 1 Trigger Value -8% Halt Action 30 mins Level 2 Trigger Value -15% Halt Action 30 mins Level 3 Trigger Value -20% Halt Action 60 mins Note: after the third level, SET will continue trading until the market closes that session

SET has closely monitored and supervised the trading measures and will further adjust the criteria as necessary aiming to help stabilize the market and build investment confidence continuously.

“SET…Make it Work for Everyone”