Shares of Delta Electronics plunged by nearly 20% on Tuesday, dragging down the bourse after the Stock Exchange of Thailand (SET) imposed market surveillance measures on the equity, citing unusual rises in price.
Analysts at Krungsri Capital Securities (KCS) and Maybank Securities said the main reason for the SET index decline of more than 1% yesterday was the drop of Delta’s share price, as the electronic parts and component maker comprises 25 points of the Thai bourse.
Late on Monday, the SET announced market surveillance cash balance measures for Delta, meaning investors have to pay the full amount in cash prior to trading the stock. The security is excluded from credit…
