Electronic Stocks Edge Higher amid Concerns over Covid-19 Situation and Lockdown
SMT, HANA and KCE moved into a positive territory amid rising concerns over the Covid-19 situation and lockdown in Thailand.
Stocks in the electronic components sector edged higher as investors look for stocks with less impact from the lockdown restriction and Covid-19 crisis.
As of 16:02 local time in Thailand on June 28, 2021, Stars Microelectronics (Thailand) Public Company Limited (SMT) rose ฿0.10/share or 1.50% to ฿6.75/share with a trading value of 73 million baht.
Hana microelectronics Public Company Limited (HANA) increased ฿2.00/share or 2.95% to ฿69.75/share with a trading value of 955 million baht.
KCE Electronics Public Company Limited (KCE) gained ฿4.00/share or 5.84% to ฿72.50/share with a trading value of 1,223 million baht.
The semiconductor producers made a better performance in today’s trading session after concerns over Covid-19 situation continued to weigh down on the Thai stock market with new Covid-19 cases more than 5,000 today and the newly imposed restriction of lockdown in Bangkok and other five surrounding provinces to curb the rising virus spread.
Moreover, electronic stocks are considered safer securities to invest during uncertainty of the prolonged pandemic compared to other sectors such as the energy sector and Domestic Plays that focuses on the reopening theme.