AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
Nov. 5--NEW SPREAD FOR SET SHARE DEALS: A new spread system for share transactions on the Stock Exchange of Thailand will begin today.
SET president Kittiratt Na Ranong said the new system would boost trading liquidity, particularly for the nearly 200 stocks now priced at less than 10 baht.
Skipping price steps will be allowed. Ceiling and floor limits for daily price swings will be maintained at 30 percent of the previous closing price.
Under the 10-step system, bid/ask spreads will be set at one satang for shares trading below two baht, two satang for shares priced from 2-5 baht, five satang for shares trading from 5-10 baht, 10 satang for shares from 10-25 baht and 25 satang for shares from 25-50 baht.
Spreads are 50 satang for shares trading between 50-100 baht, one baht for shares from 100-200 baht, two baht for shares from 200-400 baht, four baht for shares from 400-800 baht and six baht for shares priced higher than 800 baht each.
LOW RATES SPUR DEBT REFINANCING: The Finance Ministry is studying a plan to refinance the country's foreign debt due to mature within the next five years to take advantage of currently low market interest rates.
With annual rates for new debt issues with terms of five years or less currently around 4-5 percent, the ministry hopes that it can reap considerable savings through a refinancing programme, particularly for yen-denominated debt.