Construction Index Falls 4% as Thailand’s Vaccine Delay Raises Doubt on Economic Recovery

The Construction Services Index (CONS) dropped 4.01% or 3.17 points to 75.93 points as of 15:58 local time in Thailand, led by Italian-Thai Development Public Company Limited (ITD). The share price fall ฿0.30/share or 10.20% to ฿2.64/share with a trading value of 992 million baht.

Unique Engineering and Construction Public Company Limited (UNIQ) fall ฿0.65/share or 7.51% to ฿8.00/share with a trading value of 119 million baht.

CH. Karnchang Public Company Limited (CK) fall ฿1.20/share or 5.74% to ฿19.70/share with a trading value of 822 million baht.

Nawarat Patanakarn Public Company Limited (NWR) fall ฿0.06/share or 4.48% to ฿1.28/share with a trading value of 99 million baht.

The decline in CONS is believed to be due to profit taking following a significant surge in share prices previously, which, together with the postponement of the vaccination drive, raised concerns about the economy’s recovery.