Delta Electronics shares plunge 20%, triggering 1% drop in Thai Stock Exchange

Delta Electronics saw its shares plummet by approximately 20% recently, negatively impacting the Stock Exchange of Thailand (SET) after the implementation of market surveillance measures due to irregular price increases. Analysts from Krungsri Capital Securities (KCS) and Maybank Securities identified the primary cause of the 1% drop in the SET index as Delta’s share price decline, as the electronics parts and the component manufacturer make up 25 points of the Thai bourse.

The SET applied market surveillance measures on Delta Electronics, excluding the security from credit limits and stipulating that investors are required to pay the complete cash amount before trading the stock. These measures, prompted by unexpected price movements and trading volumes, are effective until July 10, Bangkok Post reported.

“The main factors used as criteria for the…