On Wednesday, share prices of Thai rubber stock surged at the time of 11:00 a.m., due to increasing exports. Leading the rally was North East Rubber Public Company Limited (SET: NER) at THB 4.98, or 2.05% gain.
Sri-Trang Agro-Industry Public Company Limited (SET: STA) at THB 16.20, or 0.62% gain.
Thai Eastern Group Holdings Public Company Limited (SET: TEGH) at THB 3.52, or 1.73% gain.
However, Thai Rubber Latex Group Public Company Limited (SET: TRUBB) fell to THB 0.71, or 1.39% loss.
Finansia Syrus Securities (Thailand) stated in the analysis that the export value of agricultural and agro-industrial products in January has expanded only 0.1% for seven consecutive months, compared to the same period a year earlier.
Industrial exports grew 3% while agricultural exports contracted 2.2%. Leading the exports was para rubber, which soar 45.5% for the 15th straight month, benefitting STA and NER stocks
Krungsri Securities noted that on Wednesday, the Ministry of Trade disclosed that exports strengthened 13.6% compared to 8.2% in the same period last year.
The best exports were para rubber which advanced 45.5% compared to the same period a year prior (higher than 2024 average at 36.8%). Meanwhile, rubber exports gained 19.9% in seven consecutive months compared to the same period a year prior, benefiting STA and NER stocks.
