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SET trading halted again Trading on the Stock Exchange

SET trading halted again Trading on the Stock Exchange of Thailand board was terminated on Friday morning, for the second straight morning, as being a circuit breaker was triggered adhering to a ten % plunge.

Trading was paused from 9.59am to 10.29am. Pre-open trading time period is set at 10.19am.

The is just the 5th moment in history a circuit breaker has stimulated to curb too much volatility on the SET.

The SET index fell by 111.52 points to one, 003.39 in turnover really worth four billion baht.

The SET triggered a circuit breaker 4 times before to deal with high volatility trade.

Circuit breaker triggered on SET index
SET steadies after circuit breaker used twice
SET changes shorting rules amid chaos The primary was in 2006 when the Bank of Thailand temporarily imposed capital controls. The third and second times occurred on Oct ten and also twenty seven in the 2008 subprime crisis.

You will find 2 stages for employing a circuit breaker. The very first happens if the SET index falls by ten % from the prior day’s close. Almost all trading in listed securities is halted for thirty minutes.

The other phase happens if the list slips by twenty %, or perhaps an additional ten %, from the prior day’s close. Trading in all of listed securities is stopped for just one hour.

SET extends losses as virus fears batter sentiment

Share prices dived on the Thai stock exchange on Thursday morning after the World Health Orghanization declared an international Covid 19 pandemic and the US banned the entry of travellers from mainland Europe.

The Stock Exchange of Thailand (SET) index plunged 109.84 points to stop the early morning trading session down 8.8 % at 1,140.05 points in turnover worth 53.8 billion baht.

The bourse tanked by 9.5 % at some point to 1,131.70 points, nearly triggering a circuit breaker.

You will find 2 phases for a circuit breaker. The very first happens if the SET index falls by ten % from the prior day’s close. Almost all trading in listed securities is terminated for thirty minutes.

The other phase happens if the list slips by twenty %, or perhaps an additional ten %, from the prior day’s close. Trading in all of listed securities is terminated for just one hour.

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Circuit breaker triggered on SET index
Stock Exchange of Thailand sees extra listings of foreign securities
BAM shares have been battered the best during the intraday trading session, tumbling 12.8 %, followed by GULF (12.5 %), AOT (11.6 %), PTTEP (11.1 % BTS and) (eleven %).

Power generation stocks continue the sell off from Wednesday on the rear of government measures to lower energy costs, Finansia Syrus Securities stated in its day focus note.

The federal government is going to cut the gas tariff rate by 11.6 satang per product as well as decrease power rates by three % for most kinds of owners for 3 weeks, from April to June.

“Although the entire world has poured in stimulus packages, each fiscal and monetary measures, if the coronavirus consistently spread generally we are looking for the worldwide economic climate to get smaller this season. Meanwhile, crude is still volatile and could still fall,” Finansia Syrus Securities said.

If the Covid 19 outbreak in Thailand worsens and goes into the 3rd phase of containment in mid March, international tourist numbers might fall thirty seven % to 25.2 million, with a steep fall by ninety % year-in-year from March to May, said Pragrom Pathomboorn, senior vice president at KGI Securities.

An escalation in the crude oil price war might even further derail investor confidence while the United Arab Emirates, Opec’s third biggest producer, said it was placed to increase supply to four million barrels each day (bpd), based on oilprice.com.

Saudi Arabia’s oil giant Aramco also believed it will start rising the maximum of its renewable capacity from twelve million bpd to thirteen million.

If typical crude prices stay at US$forty for 6 7 days, this may make Thailand’s annual headline inflation to contract by 0.5 % this season, based on Kasikorn Research Centre.