Stock exchange warns investors: Tread carefully on OTO shares

Following irregular trading of One to One Contacts Plc (OTO) shares, the Stock Exchange of Thailand (SET) issued a warning for investors to be cautious and examine information thoroughly. OTO, which offers outsourced contact centre services to government agencies and corporations, faced a spike in trading volume, mainly concentrated among a few investors.

Previously placed under the Level 1 trading regulations on June 6 by SET, OTO’s share movement witnessed a decline before the recent upswing on June 12-13. The exchange subsequently issued a statement advising investors to think carefully before trading in OTO stocks.

The SET also requested brokers and relevant authorities dealing with OTO securities to supervise trades and prevent any potentially inappropriate trading orders, in accordance with the Securities and Exchange Act. OTO clarified in a…