STGT Extends Gain, Soaring 114% from the IPO in Response to the Demand of Rubber Gloves

The share price of Sri Trang Gloves (Thailand) Public Company Limited (STGT) continued to extend its gain after a bursting first trading day last week.

 

As of 10:14 local time in Thailand (GMT+7), STGT gained ฿5.25/share or 7.75% to ฿73.00/share. The highest share price so far is ฿74.75/share and the lowest is ฿69.50/share with a trading value of 2,951 million baht. STGT rose ฿39.00/share or 114.7% from its IPO price at ฿34.00/share.

 

As a company mainly produced rubber gloves, the business is going in an uptrend due to the spread of coronavirus that requires the highest hygiene in any situation.