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Stock Exchange Of Thailand Clarifies The Postponement Of Today’s Trading

Date 05/10/2004

The President of The Stock Exchange of Thailand (SET), Mr. Kittiratt Na-Ranong, revealed that the postponement of today’s trading, to start with the afternoon session, was because the front-end systems of 18 brokers, which employed similar standard software, faced technical problems and were unable to work compatibly with the SET’s central order matching system. The SET therefore notified all members that today’s trading would be postponed.

These companies, together with their system provider, attempted to resolve the problem and were able to make the systems operable by the start of the afternoon session. Trading today started with that session, which opened as usual at 14:30 hours and ended at 16:30 hrs. All companies were able to transmit their trading orders smoothly, as usual.

Mr. Kittiratt said, “The SET reaffirms that today’s delay of trading was not due to the SET’s central system. The SET’s trading system was, and is, still functioning efficiently. Nevertheless, trading was postponed because more than half of our member companies were unable to send orders in for matching. If trading had been open despite the difficulties, matching would not have been efficient and might have negatively affected investors. Please be assured that the SET’s trading system functions efficiently.”

In today’s trading, the SET Index in the afternoon session open at 679.32 points, then rose by 0.19 points. This Index closed at 673.88 points, decreasing 5.25 points from the previous day. Total trading value stood at THB18,353.62 mln. (approximately USD 447.65 mln.)

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