SET extends uptick rules till Sept 30 amid market volatility
The Stock Exchange of Thailand (SET) has extended uptick rules on short-selling and the ceiling and floor prices of stocks to September 30 from June 30 this year to mitigate the impact from market volatility.
Meanwhile, the Thailand Futures Exchanges also has extended the rule on daily price limit of SET50 Index Futures, SET50 Index Options, Sector Futures, and Single Stock Futures to September 30 from June 30.
SET officials said that the move had been approved by the Securities and Exchange Commission after hearing comments from related parties.
"The SET had announced these rules since the middle of March to mitigate the impact from market volatility due to the Covid-19 outbreak," the officials said.
"However, the market is still facing high volatility due to Covid-19 and uncertainties for the global economy."
