Market Roundup 22 February 2024

Thailand’s SET Index closed at 1,402.47 points, increased 8.86 points or 0.64% with a trading value of 51.34 billion baht. The analyst stated that the Thai stock market increased following the rise from markets in the region and the gain from BDMS after the company reported higher-than-expected 4Q23 earnings. AOT rose following a higher number of tourists and was also expected to continuously increase. The Thai market also benefited from the fund flow from foreign investors.

The analyst expected the market to extend its gain tomorrow.


China had deployed new curbs to ban major institutional investors from reducing equity holdings at the open and close of each trading day. The action was an attempt by the government to stimulate the country’s stock market, which accumulated a value of $8.6 trillion.

The China Securities Regulatory Commission (CSRC) applied the regulation to major asset managers and the proprietary trading desks of brokerages, while also cooperating with the country’s stock exchanges to oversee short selling in its stock market, as well as cautioning companies that benefited from the wagers.

The ban attempt indicated that the Chinese government was urged to tighten the market activity, as it would restrict hedge funds and other institutional investors from selling more shares than they bought during the first and last 30 minutes of the trading session.

Meanwhile, there was also uncertainty as to whether the ban would be applied across the financial industry or affect individual investors with a large portion of stock volume in the market.


London Stock Exchange Group experienced an outage on news and some currency trading platforms on Thursday just as the trading session in Europe opened.

LSEG’s Eikon market data platform and interbank foreign exchange matching systems FXT and FXall were not functioning as traders across the world claimed to be unable to access the platform.

Kaohoon International has confirmed with LSEG Thailand that there is an outage in the system and the timeline for the solution is unknown.

There is no confirmation whether the London Stock Exchange is affected or not.

As of 14:30 GMT+7, the system is back to normal.