Thai SET in free-fall triggers circuit breaker

The Stock Exchange of Thailand (SET) lost more than 10% today, triggering an automatic suspension off the market during 30 minutes

Published

7 months ago

March 12, 2020

Carlos Fuitzer

Thai stock exchange nosedived on Thursday morning after the World Health Orghanization declared a global Covid-19 pandemic and the US banned the entry of travellers from mainland Europe.

The Stock Exchange of Thailand (SET) index plunged more than 10% triggering phase one of an automatic circuit breaker for 30 minutes.

The first stage occurs if the SET index falls by 10% from the previous day’s close. All trading in listed securities is halted for 30 minutes.

The second stage occurs if the index falls by 20%, or another 10%, from the previous day’s close. Trading in all listed securities is halted for one hour.

A circuit breaker was executed as the @SET_Thailand index fell by 10% when the afternoon trading session resumes. Trading is being halted from 2:38pm to 3:08pm. #BangkokPost #Thailand pic.twitter.com/swS9FAbm0V
— Bangkok Post (@BangkokPostNews) March 12, 2020

Thai index falls 10%, SET activates circuit breaker

Today’s circuit breaker, the fifth ever by the SET, is the second this week after the first yesterday, and followed a 2,000-point drop of Dow Jones last night

Published

7 months ago

March 13, 2020

National News Bureau of Thailand

Concerns over the coronavirus disease 2019 (COVID-19) have strongly impacted investment in stock markets around the world, including Thailand.

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Thailand Futures Exchange records 31 percent trading volume rise in 2018

Thailand Futures Exchange PCL (TFEX)’s 2018 derivatives trading volume surged 31 percent from the previous year

Published

2 years ago

January 22, 2019

Boris Sullivan

Thailand Futures Exchange gears up for liquidity and quality in 2019 after 31 percent trading volume rise in 2018 and total trading volume surpassed 100 mln contracts in 2018.

(more…)

Investors in limbo as Thailand’s SET ends 2018 down 10.8%

Singapore and Philippine stocks also lost more than 10% each as trade tensions between the US and China caused heavy capital outflows.

Published

2 years ago

December 29, 2018

Boris Sullivan

2018 was a grim year for equities all round, as only two exchanges in all of Asia Pacific — Mumbai and Wellington — ended the year with positive returns.

Shanghai, (-24.9%) for the year to Dec 27, was the world’s second-worst performer behind Athens (-25.5%).

But according to Nikkei editors Thailand, for example, who raised its key interest rate for the first time in seven years, is among Asian equity markets likely to attract buyers if investors rethink their portfolios as the U.S. economy slows and the Fed reviews its monetary policy.

Foreign investors were net sellers on the SET for the fourth year out of the past five (2016 was the exception with net buying of 77.9 billion baht).

But their net sales in 2018, at 287.45 billion baht, were more than 10 times the 2017 total of 25.75 billion, says the Bangkok Post.

For the year, Singapore and Philippine stocks also lost more than 10% each as trade tensions between the US and China sapped risk appetite and caused heavy capital outflows.

Indonesian stocks declined the least, falling about 2.5%.