JMT Jumps 4.4% in Response of a Rate Cut and the Entering of BTS as a Major Shareholder

The share price of Network Services Public Company Limited (JMT) jumped ฿1.00/share or 4.41% to trade at ฿23.70/share with a trading value of 228 million baht.

JMT continued to rise after an announcement of the Monetary Policy Committee on Wednesday to cut an interest rate by 25 basis point to a record low at 1%. Moreover, KTB Securities has cited a statement from Mr. Adisak Sukimvitaya, Jay Mart Public Company Limited (JMART)’s CEO, saying that the company had sold 28 million shares of JMT to BTS Group Holdings Public Company Limited (BTS), representing 3.15% of JMT’s shares at an average price of ฿19.40/share to partner with BTS for further cooperation in the future.