BEAUTY Jumps 6% to Bt1.77 with a Speculation on Hemp-Infused Cosmetics at Year’s End

The share price of Beauty Community Public Company Limited (BEAUTY) rose Bt0.11 or 6.63% to Bt1.77 with a trading volume of 102 million shares and value of 181 million baht as of 11:04 local time in Thailand on May 24, 2021.

 

BEAUTY surged significantly with a high trading volume in today’s session from its usual 20-50 million shares in a single session. The increase might be due to a speculation prior to the release of its new highly anticipated products at year’s end.

 

The infuse of hemp in cosmetic products had been officially registered in the Royal Gazette and enforced on May 18, 2021.

Analysts have been expecting that after the approval of hemp-infused cosmetic products, BEAUTY would require 6 months for the production before introducing its new products to the market.