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Sunday, May 5, 2024

SET sounds alarm on TBN speculation

Investors monitor an electronic display of stock indices. (File photo)

The Stock Exchange of Thailand (SET) has warned investors to carefully study available information before trading TBN Corporation shares, which debuted on the Market for Alternative Investment (MAI) on Monday.

The SET reported “high speculation and a trading turnover ratio of 85%” for TBN shares during Tuesday’s morning session.

The stock reached 41.50 baht by midday, an increase of 144% from the initial public offering (IPO) price of 17 baht, with a trading value of 3.59 billion baht.

Listed under the technology group, TBN rose 150% on its Monday debut to close at 42.50 baht, with a trading value of 2.6 billion baht.

In a statement, the SET indicated there…

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