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BUSINESS

Cryptocurrencies' total market cap soars to B4bn

Business, Darana Chudasri, Published on 11/01/2021

» Cryptocurrencies' total market capitalisation in Thailand soared to nearly 4 billion baht on Friday, or around 6% of the Stock Exchange of Thailand's (SET) 2020 daily average trade, backed by the continuous price surges of bitcoin and other digital currencies.

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BUSINESS

Price of coronavirus policies expected to fall 20%

Business, Darana Chudasri, Published on 11/01/2021

» The price of Covid-19 insurance is set to be reduced by 20% because of the low total claims last year, only 1.87% of total premiums, says Anon Vangvasu, president of the Thai General Insurance Association (TGIA).

BUSINESS

Criteria for free-float shares may be adjusted

Business, Darana Chudasri, Published on 09/01/2021

» The Securities and Exchange Commission (SEC) and the Stock Exchange of Thailand (SET) are considering revising the criteria for free-float shares in both initial public offerings (IPOs) and secondary markets after unusual surges of many large-cap stocks with low free float disrupted the SET Index in 2020, says Ruenvadee Suwanmongkol, the SEC's secretary-general.

BUSINESS

Analysts on edge after KTC surges

Business, Darana Chudasri, Published on 08/01/2021

» Analysts are urging stock and capital market regulators to protect investor interests and tame the investment climate by implementing additional risk-assessment practices to deal with unusually volatile trading of large-cap stocks with low free float.

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BUSINESS

Delta shares drop 13.41%

Business, Darana Chudasri, Published on 07/01/2021

» Delta Electronics Thailand (DELTA) shares sank 13.41% yesterday after the first day of the cash balance rule applied to the company's stocks, pulling the SET Index down by 14.29 points or 0.95% to close at 1,492.36 points.

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BUSINESS

SET prepares to revise SET50 standards

Business, Darana Chudasri, Published on 06/01/2021

» The Stock Exchange of Thailand (SET) is poised to revise the criteria for the SET50 Index, the definition of free-float shares and its market surveillance measures because of unusual surges of many free-float stocks last year.

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BUSINESS

Moderation for cryptocurrencies advised

Business, Darana Chudasri, Published on 05/01/2021

» The Securities and Exchange Commission (SEC) warns investors should closely monitor investments in cryptocurrencies due to high volatility, suggesting they invest and trade only with market players regulated by the SEC.

BUSINESS

Insurance poised to encounter slow growth

Business, Darana Chudasri, Published on 04/01/2021

» The insurance business is forecast to grow in a range of -0.36% to 1.64% in 2021 as rising household debt deflated people's purchasing power.

BUSINESS

BLS projects positive outlook for Thai equities

Business, Darana Chudasri, Published on 02/01/2021

» Bualuang Securities (BLS) forecasts a bullish trend for the country's equity market this year, predicting the Stock Exchange of Thailand (SET) Index to reach 1,550 points in line with the global V-shaped recovery.

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BUSINESS

SET mulls measures after Delta surge

Business, Darana Chudasri, Published on 30/12/2020

» The Stock Exchange of Thailand (SET) is considering implementing both short- and long-term measures to stabilise the market after the sudden surge of Delta Electronics' (DELTA) free-float shares disrupted the SET Index on Monday, says a market analyst who requested anonymity.