COCOCO Jumps 7% amid Potential Addition into SET100 Index and Export Recovery

At the end of the morning session on Wednesday, the share price of Thai Coconut Public Company Limited (SET: COCOCO) increased by 6.96% or THB 0.80 to THB 12.30, with a trading value of THB 430.14 million.

 

Krungsri Securities (KSS) has forecasted that COCOCO, alongside CCET and JTS, is poised among the three stocks to be included in the SET1000 index. The Stock Exchange of Thailand (SET) is scheduled to disclose the finalized selection of stocks to be added or removed from the index in mid-December 2024, with the changes set to take effect on January 1, 2025. The evaluation process for the SET100 index will encompass stock data ranging from December 1, 2023, to September 30, 2024.

In a related development, Kingsford Securities has recommended export-oriented stocks, foreseeing advantages from anticipated improvements in Thailand’s export figures. The highlighted stocks include AAI, ITC, TU, and COCOCO.