PUBLISHED : 21 Dec 2023 at 07:00
The Stock Exchange of Thailand (SET) is warning investors to exercise caution when investing in Miss Grand International (MGI) shares after the price jumped 256% in the first five days of trading on the Market for Alternative Investment (MAI).
The SET issued the warning on Wednesday as MGI shares continued to increase with high trading value throughout the five business days of trading on the MAI, surging 256% from its initial public offering (IPO) price of 4.95 baht on Dec 14.
MGI fluctuated during morning trade on Wednesday, hitting a ceiling of 20.10 baht, an increase of 29.7% from a day earlier, before dropping quickly to a low of 13.60 baht.
At the mid-day close, MGI was quoted at 17.60 baht,…
