The share price of Thai Life Insurance Public Company Limited (SET: TLI) opened at the same level as its IPO price of THB16.00 per share on its first trading day in the SET Index on July 25, 2022.
TLI is expected to enter the SET50 Index with a fast-track measure upon its arrival. One of the conditions to meet requirements for the fast-track measure is to have a market capitalization over 1% of the total market cap of SET Index, which is now standing at THB18.5 trillion.
Thai Life Insurance will kick off its first trading day with a market cap of THB183 billion and if the closing price is higher than 2% on the first trading day, the company will automatically enter the SET50 Index with a new market cap of THB186 billion, which is slightly higher than a 1% of total market cap of SET Index.
Shares in the Asia-Pacific region slid on Monday, retreating from over three-week highs as investors’ investor sentiment was dampened by concerns about a worldwide economic slowdown.
As of 9.28 hrs. local time in Thailand, the Nikkei 225 in Japan slipped 0.78% and theHang Seng index in Hong Kong lost 0.81%.
The S&P/ASX 200 in Australia and the Kospi in South Korea both remained near their previous closing levels.
Mainland China markets were also lower. The Shanghai Composite slipped 0.31%, and the Shenzhen Component was 0.20% down.
Thailand’s SET Index opened at 1,552.57 points, decreased 0.16 points or 0.01%.