SET chief seeks cooperation from brokers to track origin of rumours

BANGKOK, Oct 23 (TNA) – Stock Exchange of Thailand (SET) president Patareeya Benjapolchai on Thursday said the exchange had sought the cooperation of brokerage houses in tracking the origin of rumours that caused the stock market to plummet unreasonably late last week.

The SET composite index plunged by 7 per cent in Thursday and Friday trade last week on the back of the rumours about the health of His Majesty the King, rumours which were later denied as groundless.

Finance Minister Korn Chatikavanij instructed agencies concerned including the Securities and Exchange Commission (SEC) to track the origins of the rumours.

Mrs Patareeya said the SET had gradually requested information from the brokerage houses about a list of customers placing trading orders in both the stock market and the derivative market retroactively from early this month to October 15 to examine the origin of the rumours.

“We are tracking the trading behaviour of each investor and will provide all information gathered to the SEC for an in-depth examination,” she said.

“We coordinated with the SEC immediately when the rumours spread, and we send it information on trading periodically,” she said. (TNA)