On Thursday at 11:27 AM (Bangkok time), the share price of B.Grimm Power Public Company Limited (SET: BGRIM) rose by 2.18% or THB 0.50 to THB 23.40, with a trading value of THB 354.52 million.
Gulf Energy Development Public Company Limited (SET: GULF) jumped by 3.60% or THB 2.00 to THB 57.50, with a trading value of THB 895.96 million.
CGS International Securities (CGSI) pointed out that BGRIM capitalized on the influx of international investments into the Thai market following the US Federal Reserve’s 50-basis-point interest rate reduction. This resulted in a decline in its US Dollar-denominated debt, while the decrease in bond yields also created a favorable atmosphere for power plant stocks, such as GULF.
