Sri Trang Group finished higher on Monday after traders gained sentiment boosts from the recent spike of COVID-19 cases in Thailand.
The share price of Sri Trang Agro-Industry Plc. (SET: STA) increased by THB1.00/share, or 3.23%, to close at THB32.00/share, with a trading value of THB535 million. The share reached its highest level at THB32.50/share, or a 4.84% gain.
Meanwhile, the share price of Sri Trang Gloves (Thailand) Plc. (SET: STGT) increased by THB0.25/share, or 0.85%, to close at THB29.75/share, with a trading value of THB280 million. The share reached its highest level at THB30.25/share, or a 2.54% gain.
STA and STGT’s share prices have risen today, thanks to positive sentiment derived from the ongoing COVID-19 outbreak in Thailand, where cases have continued to increase since the beginning of the year, with the latest new high reaching ten thousand cases per day. This results in an uncertain situation. Additionally, the prime minister has stated that there would be no further relaxation of COVID-19 restrictions as the situation is being assessed.
