Shares of ADVANC, GULF, and INTUCH Decline amid Reports on Political Dispute

On Tuesday at 3:01 PM (Bangkok time), the share price of Advanced Info Service Public Company Limited (SET: ADVANC) dropped by 3.52% or THB 10.00 to THB 274.00, with a trading value of THB 2.10 billion.

Gulf Energy Development Public Company Limited (SET: GULF) decreased by 2.18% or THB 1.50 to THB 67.25, with a trading value of THB 1.39 billion.

Intouch Holdings Public Company Limited (SET: INTUCH) slumped by 3.57% or THB 4.00 to THB 108.00, with a trading value of THB 618.94 million.

 

The stock prices of ADVANC, GULF, and INTUCH fell following news about a request for the Constitutional court to review the actions of Thaksin Shinawatra and the Phue Thai party, potentially impacting Thailand’s constitutional monarchy, reflecting growing concerns about political stability.

According to the Constitutional court, the attorney general must collect evidence within a 15-day period for submission, after which the court will determine the acceptance of the petition.