DELTA tumbles over 11% after SET locks in cash balance, worries about SET50/100 slippage : InfoQuest

DELTA fell 11.03% or decreased by 126.00 baht to 1,016.00 baht, trading value 848.53 million baht at 10:43 a.m. from the opening price of 1,080.00 baht, the price rose to a maximum of 1,094.00 baht, the lowest price of 1,010.00 baht.

The Stock Exchange of Thailand (SET) announced that shares of Delta Electronics (Thailand) Public Company Limited (DELTA) must be required to use a cash balance account for securities trading (Cash Balance) following a sharp increase in price and volume. heavy trading Causing concerns that it may affect the trading value to decrease and may lead to removal from the SET50/100.

Trinity Securities stated in the analysis that Looking at the entry of DELTA’s trade regulation measures, it may reduce the trading volume of stocks in the short term to some extent. But believe that it will not reach the point that the stock will be removed from the calculation of the SET50/SET100 index in the next round (H2/66), because if calculating the latest data until the end of March, it will be found that the stock has passed the selection criteria successfully. run out Therefore, if there is a risk in such issues will happen when the selection results are announced for the first half of the year ’67 instead. Down to a minimum of 2% as we had predicted.

By InfoQuest News Agency (03 Apr. ’23)

Tags: Cash Balance, DELTA, Thai stocks, Delta Electronics

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Alexandra Hartman Editor-in-Chief

Editor-in-Chief Prize-winning journalist with over 20 years of international news experience. Alexandra leads the editorial team, ensuring every story meets the highest standards of accuracy and journalistic integrity.

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