# Investors are requested to use caution when trading MGI securities

- Link: https://www.thailand-business-news.com/set/118933-investors-are-requested-to-use-caution-when-trading-mgi-securities
- Published: 2023-12-21T11:21:21+07:00
- Author: SET News

The SET urges investors to exercise caution when trading the Company’s securities.
[Miss Grand International Public Company Limited (MGI)](https://www.thailand-business-news.com/set/117870-mai-welcomes-miss-grand-international-mgi-on-dec-14)
as the price continued to rise with a high turnover over the 5 working days that
began trading on mai stock exchange, totaling +255.56% from the IPO price of 4.95
baht and an average turnover of 995.36 million baht.

In particular, on December 18 – 19, 2023, the price has risen to the ceiling price
of the day until there is no volume of shares offered for both business days.

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In the morning session of trading today (December 20, 2023), the price peaked at
the ceiling price of Bt20.10 (+29.68%) before dropping sharply to a low of Bt13.60(-
12.26%), closing this morning at Bt17.60 (+13.55%) with the No. 2 turnover (SET+
mai) at Bt1,318 million. It has a P/E and P/BV of 41.81x and 7.97x, respectively.

The SET therefore urges investors to exercise caution and consider fundamental factors.
Moreover, MGI’s trading conditions before making an investment decision.

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**Source** : [ Stock Exchange Investors are requested to use caution when trading
MGI securities.