On Thursday at 10:38 AM (Bangkok time), the share price of Delta Electronics (Thailand) Public Company Limited (SET: DELTA) jumped by 5.96% or THB 9.00 to THB 160.00, with a trading value of THB 1.93 billion.
Trinity Securities noted that the SET index is expected to face a turbulent trading day as electronics manufacturing giant, DELTA, is reinstated for normal trading after it was lifted from the ‘trading alert’ list.
The level of volatility triggered by DELTA’s reintroduction will largely be determined by shifts in its share price. For instance, based on Wednesday’s closing prices, a 1% or THB 1.5 movement in DELTA’s share price could exert a corresponding impact on the SET, SET50, and SET100 indices by altering them by 0.11%, 0.15%, and 0.13%, representing a shift of 1.5, 1.4, and 2.6 points, respectively.
Dating back to mid-2024, when DELTA faced a similar scenario, its share price witnessed a surge of 3% and 8% in the first and second weeks after the removal from the trading alert account. The company recorded a peak increase of 18% in the third week after its reinstatement to normal trading.
