NOK Spikes 100% after SET Lifts the SP Sign Temporarily

The share price of Nok Airlines Public Company Limited (NOK) spiked 100% or ฿1.09/share to trade at ฿2.18/share as of 11:29 local time in Thailand, with a trading value of 86 million baht. 

 

NOK rose significantly today after the Stock Exchange of Thailand (SET) temporarily lifted the SP sign and posted the NC sign instant.

 

As the securities of MAX METAL CORPORATION Public Company Limited (MAX) and Nok Airlines Public Company Limited (NOK) have been suspended  from trading by posting SP (Suspension) sign since March 2, 2021 and will reach three-month period on June 1, 2021 as a result of failure to submit the financial statements for the year ended 2020 and currently, the companies are still unable to submit  the required financial statements. 

In order to allow trading on MAX’s and NOK’s securities prior to the renewal of SP sign, the Stock Exchange of Thailand (SET) will temporarily allow trading on MAX’s and NOK’s securities during June 2 to July 1, 2021 under the following conditions. 

1. MAX’s and NOK’s securities are required to purchase through cash balance account  

2. NC sign will be posted during such trading period in order to alert the investors to be careful in trading securities.

3. SET will specify the ceiling and floor prices of MAX’s and NOK’s securities on the first trading day, which effective date is June 2, 2021 onwards, at 100% of the last trading price. (However, if there is no trading of such securities on June 2, 2021, the ceiling and floor prices limit criteria will be valid until trading of the securities occurs). The ceiling and floor prices will be subsequently adjusted to normal criteria from the next business day.

4. MAX’s and NOK’s securities will be excluded from the calculation of SET index.

After the end of such trading period, from July 2, 2021 onwards, SET will suspend trading on MAX’s and NOK’s securities by posting SP sign until the companies are able to submit the financial statements.