Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

Thai Stock Exchange Revises Ceiling & Floor And Circuit Breaker Rules As Volatility Surges

Date 17/03/2020

The Stock Exchange of Thailand (SET) announces that in light of the COVID-19 pandemic and global economic worries that have caused stock market meltdown worldwide, SET has launched the first measure by tightening short selling to trade only the price higher than the last trading price (uptick) effective since the afternoon trading session of March 13, 2020.

 

Given continued volatility, SET announces further tightening of trading measures by adjusting ceiling and floor criteria and circuit breaker (temporarily halt in trading) rule, effective from March 18, 2020 and would last no longer than June 30, 2020.

  • Revised Ceiling & Floor for SET, mai and TFEX  

 

Product

Ceiling & Floor

Current

New

SET

mai

Stocks / investment units / warrant /

DW / ETF / TSR / DR

+/- 30%

+/-15%

Foreign share

+/- 60%

+/- 30%

TFEX

Index Futures / Options

Sector Futures

Single Stock Futures

+/- 30%

+/- 15%

 

  • Revised Circuit Breaker

 

 

Current

New

Trigger Value

Halt Action

Trigger Value

Halt Action

Level 1

-10% 

30 mins

-8%

30 mins

Level 2

-20%

60 mins

-15%

30 mins

Level 3

-

-

-20%

60 mins

           

Note: after the third level, SET will continue trading until the market closes that session

 SET has closely monitored and supervised the trading measures and will further adjust the criteria as necessary aiming to help stabilize the market and build investment confidence continuously.

The Stock Exchange of Thailand (SET) announces that in light of the COVID-19 pandemic and global economic worries that have caused stock market meltdown worldwide, SET has launched the first measure by tightening short selling to trade only the price higher than the last trading price (uptick) effective since the afternoon trading session of March 13, 2020.

 

Given continued volatility, SET announces further tightening of trading measures by adjusting ceiling and floor criteria and circuit breaker (temporarily halt in trading) rule, effective from March 18, 2020 and would last no longer than June 30, 2020.

 

 

          Revised Ceiling & Floor for SET, mai and TFEX  

 

 

Product

Ceiling & Floor

Current

New

SET

mai

Stocks / investment units / warrant /

 DW / ETF / TSR / DR

+/- 30%

+/-15%

Foreign share

+/- 60%

+/- 30%

TFEX

Index Futures / Options

Sector Futures

Single Stock Futures

+/- 30%

+/- 15%

 

 

          Revised Circuit Breaker

 

 

Current

New

Trigger Value

Halt Action

Trigger Value

Halt Action

Level 1

-10%  

30 mins

-8%

30 mins

Level 2

-20%

60 mins

-15%

30 mins

Level 3

-

-

-20%

60 mins

           

Note: after the third level, SET will continue trading until the market closes that session

 

SET has closely monitored and supervised the trading measures and will further adjust the criteria as necessary aiming to help stabilize the market and build investment confidence continuously.