3 Thai Shipping Shares Sink as Freight Rates Fall for 5 Days in a Row
Three shipping stocks sank as the Baltic index (BDI) fell for a fifth straight day to 5,062 points
The dry bulk shipping rates fell for the fifth consecutive session today (October 15), dipping to a two-week low, as a decline in capesize rates outweighed gains in other vessel segments. As a result, three shipping stocks, TTA, PSL, and RCL, all declined in today’s SET trading.
The share price of Thoresen Thai Agencies Public Company Limited (TTA) dropped ฿0.80/share or 6.35% to ฿11.80/share, with a trading value of 537 million baht.
The share price of Precious Shipping Public Company Limited (PSL) dropped ฿1.00/share or 5.29% to ฿17.90/share, with a trading value of 988 million baht.
The share price of Regional Container Lines Public Company Limited (RCL) dropped ฿0.75/share or 1.81% to ฿40.75/share, with a trading value of 496 million baht.
