The Stock Exchange of Thailand (SET) is considering implementing both short- and long-term measures to stabilise the market after the sudden surge of Delta Electronics’ (DELTA) free-float shares disrupted the SET Index on Monday, says a market analyst who requested anonymity.
“The market must be adaptive to changes, including any unprecedented issues that rarely occurred in the past,” the source said.
Delta’s shares have soared by over 280% since November, up from about 180 to 838 baht, an all-time high, on Monday. This movement shocked analysts as the price was more than double all research houses’ fundamental projections.
Koraphat Vorachet, senior vice-president of Capital Nomura Securities, said Delta’s share price has soared in accordance with institutional investors’ portfolio weight adjustment of their passive funds.
Delta is slated to join the MSCI, FTSE…
