The share price of Sabuy Technology Public Company Limited (SABUY) fell ฿0.30/share or 4.69% to ฿6.10/share as of 15:32 local time in Thailand on April 23, 2021, with a trading value of 65 million baht.
The decrease in share price might be due to the extension of level 2 surveillance criteria from April 23, 2021 to May 13, 2021, due to an irregular volume and movement in the securities shares.
Earlier this month, the Stock Exchange of Thailand also extended this same measure from April 2 to April 22, 2021.
Despite the cash balance restriction, the share price of SABUY actually rose 16.30% during the previous period from ฿5.50/share to yesterday’s closing price of ฿6.40/share.
SABUY first traded in the Thai stock market on November 11, 2020, with an IPO of ฿2.50/share.