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Foreigners return amid uptick rule

Bangkok Post LogoBangkok Post1w ago

Foreigners return amid uptick rule - Bangkok Post

Quick Summary:

Foreign investors returned from net selling of 15 billion baht in June to net buying of nearly 5 billion baht last week, as the uptick rule took effect on July 1, resulting in a decrease in short selling to 1.5 billion baht per day from an average of 6.2 billion last month.

However, more time is needed to evaluate the effectiveness of this measure [in curbing short selling transactions]," said Mr Prakit.

"The uptick measure increases transaction costs for retail investors because they have to offer a higher price for a share than the previous price.


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Article Details

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-09 @ 05:54:00 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 447 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 21545894

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About Bangkok Post

Bangkok Post Logo

Main Topics: EconomyBusiness

Official Website: bangkokpost.com

Update Frequency: 13 posts per day

Year Established: 1946

Headquarters: Thailand

News Last Updated: 3 hours ago

Coverage Areas: Thailand

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #66

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