Keep a Close Eye on MINT’s Afternoon Session after a Huge Swing of 20% in the Morning

The share price of Minor International Public Company Limited (MINT) swung in a huge range in the morning session, posting a moving gap of 20.64%.

 

The share price closed at ฿18.50/share, increased ฿1.70/share or 10.12% with a trading value of 3,869 million baht in the morning session. The highest of the session was ฿18.75/share and the lowest was ฿15.50/share. MINT plunged to its lowest in the session at the opening bell after the announcement of a capital increase and issuing MINT-W7 yesterday.

 

The company reported 1Q20 core revenue of 22,421 million baht, decreased by 22% YoY. This was attributable to adverse impact from COVID-19 outbreak on all three business units, most notably the challenging environment of Minor Hotels globally and Minor Food in China.