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Thai stock market inches up in sluggish trade.
Jul. 3--Thai stocks gained modestly yesterday on sluggish volume, attributed in part to the introduction of new collateral requirements for retail investors.
The Stock Exchange of Thailand index closed at 647.57 points, up 0.93 points, in trade worth 10.48 billion baht.
Under the new rule, investors must maintain collateral equal to at least 10 percent of their approved trading lines with their broker. Collateral can take the form of stocks, debt instruments or cash.
The rule is aimed at reducing potential risks for investors and brokers alike, and is directly targeted at same-day net settlement investors, a group that drives the majority of ...
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Source: HighBeam Research, Thai stock market inches up in sluggish trade.