Bangkok: The Stock Exchange of Thailand (SET) manager has stated that the temporary adjustment of the Ceiling and Floor and Dynamic Price Band criteria is adequate for the current situation and can be cancelled if conditions improve. He emphasized that the actions were not an intervention in the market but a means to protect investors.
According to Thai News Agency, Mr. Atsadej Kongsiri, Director and Managing Director of the Stock Exchange of Thailand, along with Mr. Rongrak Panaphawut, Deputy Managing Director and Head of Legal Affairs and Social Activity Management at the Stock Exchange of Thailand, announced the necessity of implementing measures to improve securities trading criteria. This includes a temporary adjustment of the Ceiling and Floor and Dynamic Price Band criteria from June 23 to 27, 2025.
Mr. Atsadej disclosed that the SET board of directors has been closely monitoring the conflict situation in the Middle East, which could affect market volatility. As a result, they approved a temporary and shallower adjustment of the Ceiling and Floor and Dynamic Price Band criteria. Existing measures, such as the circuit breaker, will remain unchanged.
Regarding the oil price situation, the market opened with a 3% increase before experiencing a slight decline, while the global stock market followed a similar trend. This was anticipated and did not result in significant change, suggesting that investors may not find it as volatile as during prior periods of instability.
Assessing the situation remains challenging, leading to the decision to modify the measures to prepare for potential developments. There is currently no plan to prohibit short selling, as the temporary measures are deemed sufficient, and the SET aims to maintain investment opportunities. If conditions improve, the measures may be lifted earlier than the planned date.
Investors are encouraged to exercise patience and thoroughly evaluate information before making investment decisions. The SET will continue to seek appropriate measures to assist investors in their decision-making processes.
Mr. Rongrak emphasized that the temporary measure does not directly impact trading but merely narrows the range to reduce potential volatility. It aims to protect investors rather than interfere with the market. If the market stabilizes and volatility is contained, the measure will be lifted before June 27. The SET manager has the authority to lift the measure, while the SET board of directors retains the power to issue new measures if the situation worsens.
Meanwhile, investment in ThaiESGX for tax benefits in 2025 remains available until the end of June. Investors can consider new investments or exchanges from LTF, viewing the current downward adjustment of the stock index as an opportunity. Increased buying power could help support an upward adjustment of the index.