News Detail

Date/Time
13 Mar 2020 15:18:00
Headline
SET News : SET tightens stock short selling rule to cope with current market situation
Symbol
SET
Source
SET
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                                                                               SET News 15/2020
                                                               March 13, 2020

SET tightens stock short selling rule to cope with current market situation

BANGKOK, March 13, 2020 - The Stock Exchange of Thailand (SET) revealed that, 
from its close monitoring, trading activities from various channels, including
program trading and short selling, are still normal, and the trading proportion
remains unchanged from last year.

Nonetheless, under the circumstance of high market volatility due to the 
external factors, SET deems it necessary to temporarily tighten the stock short
selling rule in order to cope with high uncertainties.  In this regard, short
selling could be transacted only at the price higher than the most recently
traded price (or so-called the "last trading price") of the securities, instead
of at the price not lower than the last trading price as currently used.

The amended rule has already passed the hearing from member companies and has 
been approved by the Securities and Exchange Commission (SEC).  This new rule
becomes effective starting from the afternoon trading session of March 13, 2020
and will be last no longer than June 30, 2020.

                                "SET...Make it Work for Everyone"
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