KCE and HANA Trade Slightly Lower after a Speculation on Exports Data Yesterday

The share price of KCE and HANA edged lower on Friday after a surge yesterday in anticipation of the release of Thai exports data, which the market forecast at 39% expansion.

 

As of 11:14 local time in Thailand on July 23, 2021, the share price of KCE Electronics Public Company Limited (KCE) dropped ฿1.00/share or 1.23% to ฿80.50/share. Meanwhile, Hana Microelectronics Public Company Limited (HANA) slipped ฿1.25/share or 1.60% to ฿77.00/share.

The selloff came after a huge speculation yesterday prior to the exports data to be released that led both securities to a significant gain. In yesterday’s session, KCE gained 7.24% while HANA rose nearly 5%. Both had high trading volume.

 

Today, July 23, 2021, the Ministry of Commerce reported that Thai exports in June 2021 expanded 44%, which was higher than the market forecast at 39%. Meanwhile, import in June grew 53.75% with a trade surplus of 945.06 million dollars.

As for the first half of 2021, Thai exports rose 15.53% and imports grew 26.15% with a trade surplus of 2,439.15 million dollars.

 

In the meantime, SET Index fell 5.94 points or 0.38% to 1,546.42 points with a trading value of 22.1 billion baht.