GULF-BGRIM Edge Higher, Expecting Biden’s Clean-Energy Campaign to Support Energy Stocks

The share price of Gulf Energy Development Public Company Limited (GULF) and B.Grimm Power Public Company Limited (BGRIM) edged higher despite a plummet in SET Index.

 

As of 11:26 on Friday in Thailand, GULF rose ฿1.75/share or 5.6% to ฿33.00/share with a trading value of 1,798 million baht. BGRIM gained ฿1.75/share or 3.85% to ฿47.25/share with a trading value of 945 million baht.

 

Trinity Securities stated that Joe Biden has a campaign that would support clean energy and is expected to be in action before any other campaigns due to it being an environmental-related campaign.

To this reason, investors around the globe started to focus on energy stocks. Trinity saw GULF, GPSC, EA and BGRIM as main focus in the group.