CPF Jumps 3% at the Opening Bell in Response to BOT’s Baht-Curb Measures

The share price of Charoen Pokphand Foods Public Company Limited (CPF) rose as much as 3.44% after the opening bell in response to the announcement from the Bank of Thailand (BOT) to curb baht appreciation.

 

CPF gained ฿0.25/share or 0.86% to trade at ฿29.25/share at the opening bell. The highest share price as of 10:15 on Monday is 30.00/share (+3.44%) and the lowest is 29.25/share (+0.86%) with a trading value of 464 million baht.

The analyst expected CPF to receive positive sentiment from BOT’s baht curb measures against the greenback to protect short-term speculation in the stock market. Bualuang Securities gave a resistance level for CPF at THB 31.00-32.00 per share.