SET resumes pre-Covid short-selling rules, leading to more volatility

The Stock Exchange of Thailand (SET), on Thursday, has returned to a normal 30 per cent ceiling-floor and short-selling rules from the pre-COVID era.

The ceiling-floor price rules were lowered during Covid as the authorities intended to control the sharp decline in the stock market during the crisis.

Analysts said that the resumption of the original criteria and the 30 per cent daily price limit could lead to more volatility during the month.

However, sentiment would be bolstered by optimism over a fresh US bailout package and recovering oil prices, Krungsri analysts said on Thursday.

The SET Index is expected to fluctuate in a range between 1,230-1,245 points and some possibilities of technical rebound in the short term after the index fell sharply yesterday, according to Finansia Syrus Securities.

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