Thailand’s SET Index closed at 1,433.40 points, increased 6.29 points or 0.44% with a trading value of 38.5 billion baht. The analyst stated that the Thai stock market made a technical rebound from yesterday’s losses, which was in the same direction as regional markets amid easing concerns over the war in the Middle East, while having less impact on the Thai economy. This resulted in a buy back of laggarded or oversold shares.
Stocks related to tourism in the Thai stock market edged higher on Tuesday, following a positive session in the main bourse and the new stimulus measure from the Thai government to boost the tourism sector.
The tourism sector also received a boost from a new measure introduced by the Thai government yesterday. At the cabinet meeting on Monday, policymakers approved to grant a free visa for Russian travellers, while extending stay to 90 days from the previous 30 days.
Russian tourists were the top third arrivals in Thailand pre-covid behind Malaysia and China. So far this year, Russian travellers are the top fifth in arrivals.
Thai Union Group PCL (SET: TU) has been ranked number one on the Seafood Stewardship Index (SSI) for the third consecutive time in recognition of its leadership in driving positive change and delivering towards the United Nations Sustainable Development Goals (UN SDGs).
The World Benchmarking Alliance, which evaluates the SSI, assessed 30 of the largest and most influential companies in the seafood industry across the areas of governance and strategy, ecosystems, traceability, and social responsibility.
The WBA said that Thai Union was measured as being first in the area of social responsibility for “distinguishing itself from its peers by its efforts to ensure decent working and living conditions on board fishing vessels, whilst monitoring for compliance and providing evidence of improvements.”
