Bangkok, SET prepares to discuss paying compensation. In the case of the system opening for trading of JKN and MILL stocks even though they are marked with SP, we confirm that this will not happen again. Prepare the system to support extended trading hours starting March 25th. Mr. Rongrak Panapawutthikul, Deputy Manager, Head of Legal Department and head of the corporate secretarial work group and directing the organization The Stock Exchange of Thailand (SET) mentioned the case that yesterday (4 March) the system opened for trading in shares of JKN Global Group Public Company Limited (JKN) and Millcon Public Company Limited. Steel (MILL) either has the SP sign or is temporarily prohibited from trading securities. Since March 1, 2024, due to not submitting financial statements for the year 2023, the system has been closed for trading during the first 20 minutes of the market opening. before ordering a halt to trading in both stocks and canceling trading orders during that period They admitted that the incide nt was due to a misunderstanding of the orders of the NASDAQ MME order matching system, causing an error in sending orders. The officials want to open the trading order system for only stocks. Powerline Public Company Limited Engineering (PLE) only, which has been marked SP since March 1, 2024 as well, which the SET has allowed to resume normal trading. After submitting the 2023 financial statements, the system released orders to sell shares at the same time for all 4 securities, namely PLE - JKN - MILL and shares of Kulthorn Kirby Public Company Limited (KKC). From the investigation, it was found that during this period There is a total trading value of approximately 6 million baht. It is believed that the damage value should not exceed this amount. The SET will talk with (member brokers) to remedy the damage that has occurred But it's not a share repurchase. Ready to emphasize that this kind of situation will not happen again. He confirmed that the NASDAQ system is good, which is used in many stock exchang es around the world. But the Stock Exchange Still not familiar with the system because I just started using it in May 2023 (less than 1 year old), from now on I will be more careful. and understand the system Including talking with NASDAQ further and confirming that this case will not happen again. As for progress in extending stock trading hours Afternoon trading will be opened 30 minutes earlier, starting from March 25, 2024 onwards. The SET has already prepared the system. And in the past period, the system has been successfully tested with members. which allows investors more time to trade It is expected that it will help support the trading volume (Volume) to increase. Source: Thai News Agency
Sunday, September 08, 2024