MGI Hits the Floor after Coming Out of Historical “3rd Pause”

On Thursday at 10:39 AM (Bangkok time), the share price of Miss Grand International Public Company Limited (mai: MGI) declined by 16.48% or THB 10.75 to THB 54.50 per share, with a trading value of THB 369.77 million.

The share price of MGI hit the floor on Thursday at the lowest level of THB 45.75 per share, coming out of the third pause (P symbol) imposed by the Stock Exchange of Thailand due to its abnormal movement in share prices.

Last Tuesday, the Stock Exchange of Thailand (SET) announced that it would put the ‘P’ symbol on MGI on February 28, 2024, following the market’s detection of irregular trading activity with no supporting factors, which led to the situation being within the scope of Market Surveillance Measure List Level 3.

Meanwhile, the Stock Exchange of Thailand had already put the ‘P’ symbol on MGI two times, which were on February 20 and 23, 2024.

According to the historical data, no securities have ever been imposed with three pauses.