STGT Jumps 8% amid Concerns of New Covid-19 Variant in South Africa

The share price of Sri Trang Gloves (Thailand) Public Company Limited (SET: STGT) soared ฿2.25/share or 8.04% to ฿30.25/share with a trading value of 1,013 million baht as of 10:42 local time in Thailand on November 26, 2021.

 

The rise in share price came after the report of the new Covid-19 variant found in South Africa. South African scientists have detected more than 30 mutations to the spike protein, a tool that helps a virus to enter the cell. Meanwhile, the World Health Organization is monitoring a new Covid-19 variant called B.1.1.529 in small numbers of African patients. The new variant could have implications for vaccine efficacy and transmissibility.

 

Meanwhile, the share price of Sri Trang Agro-Industry Public Company Limited (SET: STA), a parent company of STGT, also rose ฿1.75/share or 5.79% to ฿32.00/share with a trading value of 668 million baht.