Thailand’s SET Index closed at 1,410.43 points, decreased 3.02 points or 0.21% with a trading value of 39.2 billion baht. The analyst stated that the Thai stock market traded sideways before falling at the end of the afternoon session from profit taking in big-cap stocks, led by DELTA and other big stocks, while Futures Series Z contract closed positions today. Meanwhile, the foreign markets, relating to China’s economy, were outstanding. The analyst expected tomorrow’s session will continue to trade in a sideways trend.
Share prices of property developers in Thailand saw slight movement at the end of the afternoon session on Wednesday, which could imply the market’s disappointment in the government’s measure recently announced yesterday that aims to boost the property sector.
The share price of Supalai Public Company Limited (SET: SPALI) rose by 0.54% to THB18.60 per share. Britania Public Company Limited (SET: BRI) gained 0.59% to THB8.55 per share, and L.P.N. Development Public Company Limited (SET: LPN) rose by 0.52% to THB3.90 per share.
Meanwhile, the share price of Pruksa Holding Public Company Limited (SET: PSH) dropped 0.83% to THB12.00 a piece. Origin Property Public Company Limited (SET: ORI) decreased by 0.59% to THB8.40 per share. Sansiri Public Company Limited (SET: SIRI) edged 0.57% lower to THB1.75 per share.
On the other hand, the share price of AP (Thailand) Public Company Limited (SET: AP) and Ananda Development Public Company Limited (SET: ANAN) remained unchanged at THB11.40 and THB0.76 per share, respectively.
The tourism sector saw a slight increase on Wednesday as Thailand is expecting to be busier at the year’s end festival with an increase in tourist arrivals.
At the end of the afternoon session on Wednesday, MINT was at THB 29.25, increasing by 1.74% or THB 0.50. ERW remained unchanged at THB 5.20 per share. It was up 1% during the morning session. Meanwhile, AOT rose by 0.42% or THB 0.25 to THB 60.25 per share.
Mr. Jittiporn Jantarach, Managing Director of Exotic Food Public Company Limited (mai: XO), gave an interview with “Kaohoon” on Wednesday following the 12% slump of share price a day prior over the report of sales from one major shareholder of the company, which raised concerns to the market. Later, it was reported that the executive is Mr. Jantarach’s father, who sold four million shares.
He explained in the interview that the shareholding, either by himself or his family, in Exotic Food Public Company Limited is an individual matter for that person. He added that, from his point of view, the selling of shares by his father was for him to use the funds on certain things, or in this case for land purchasing.
Therefore, he affirmed shareholders to ease concerns from the slump of price and showed confidence in XO’s topline to reach its target in Q4/2023 for around 800 million baht.
The price of XO on Wednesday closed at THB 23.90, increasing by 5.75% or THB 1.30.
