Delta Electronics (Thailand) informed the Stock Exchange of Thailand (SET) the company’s share price fluctuations were caused by external factors and its financial fundamentals remained robust, as the stock continued to sway on Wednesday.
After slumping by 18.3% on Tuesday, when the SET’s market surveillance cash balance and credit limit measures on Delta took effect, the company’s shares were up by 0.26% at the close of trade on Wednesday.
The price was volatile throughout the day, remaining in the red until minutes before the closing bell.
The current trading alert on Delta’s shares is effective until July 10.
In a filing to the SET on Wednesday, president and director Jackie Chang attributed the recent fluctuations in Delta’s stock price to “various market conditions and external factors beyond our control”.
“Consequently, we are unable to provide comments on…
