On Tuesday at 12:11 AM (Bangkok time), the share price of Muangthai Capital Public Company Limited (SET: MTC) plummeted by 5.31% or THB 2.75 to THB 49.00, with a trading value of THB 988.20 million.
Srisawad Corporation Public Company Limited (SET: SAWAD) dropped by 2.35% or THB 1.00 to THB 41.50, with a trading value of THB 117.71 million.
Ratchthani Leasing Public Company Limited (SET: THANI) decreased by 1.89% or THB 0.04 to THB 2.08, with a trading value of THB 11.95 million.
Yuanta Securities indicated that the decline in MTC’s share price might be attributed to profit-taking sales following the delay of the scheduled increase of the minimum wage to 400 baht per day, which was originally slated for October 1. The client base of the company was expected to be one of the primary beneficiaries of the wage hike.
Additionally, MTC had been outperforming other stocks in the sector leading up to this development.
