This morning, DELTA stock price dropped 18.75%, closing the morning at 84.50 baht amid news that the parent company was selling big lots of shares at prices lower than the board. Brokers expect to increase free float, escaping the SET50 and SET100 index criteria.
Today’s baht value The market opened strong at 36.61 from the weak dollar. Keep an eye on US PCE inflation
Thai stocks closed down 1,490 points as fund flows continued to flow out. Keep an eye on the United States’ GDP announcement tonight.
On September 29, 2023, DELTA shares of Delta Electronics (Thailand) Public Company Limited this morning dropped sharply by 19.50 baht or 18.75%, closing the morning market at 84.50 baht per share, the highest trading value. In the market 9,186 million baht
This event occurred after news broke that DELTA’s parent company had sold 89.2 million shares at a price of 94.75 baht per share, lower than yesterday’s closing price (Sept. 28) of 104 baht, and was a type of trading. Big Lot (Big Lot)
Trinity Securities stated that the sale of DELTA shares at a price of 94.75 baht for 89.2 million shares represents 0.72% of the listed shares. To increase small shareholding (Free Float) and increase trading turnover (Turnover Ratio) this month to be above the 2% threshold, which is considered the minimum for existence in the SET50 and SET100 indices. In the past August ’23, DELTA had a Turnover Ratio higher than the 2% threshold by just 0.2%, and most recently yesterday (28 Sep. ’23) it was found to be at only 1.29%.
In this regard, DELTA is worth following that the number of free floats in the market will increase. Will it cause the stock trading volume to increase in October and November or not? If in any month the Turnover Ratio cannot be brought to the level of 2%, DELTA shares will immediately be removed from the major index in the next round.
2023-09-29 05:35:00
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