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Tuesday, May 14, 2024

SET scraps calculation method revision

The Stock Exchange of Thailand (SET) has decided not to revise its calculation method regarding free-float adjusted market capitalisation for the SET50, SET100 and SETHD indices after a survey revealed most market participants disagreed with the change.

However, the SET is studying other ways to implement a new calculation method for investors who prefer the change, said Pakorn Peetathawatchai, president of the SET.

The SET conducted the online survey to gauge public opinion on the adoption of free-float adjusted market capitalisation in the calculation method for the indices, aiming to reduce market volatility from price speculation on low free-float stocks.

Various market participants chimed in, including asset management firms, securities firms, legal advisory companies and investors.

The SET previously planned to implement…

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