Thai Stock Exchange Puts “SKY ICT Pcl” on Cash Balance after Its Recent Red Hot Performance

The Stock Exchange of Thailand (SET) has put Sky ICT Public Company Limited (SET: SKY) on the list of securities which has triggered the Market Surveillance Measures level 1, which will be excluded from Credit Limit and Cash Balance, from January 4 – 24 2023.

The share price of SKY rose 47% within three trading sessions from THB10.00 per share at the closing on December 28, 2022 and closed at THB14.70 per share on January 3, 2023.

The increase in share price prompted SET to inquire the company for clarification behind this rally in which SKY stated that there is no development or material information. The company noted that there is no further clarification that it needs to inform the market.