STGT Jumps 6% amid Rising Coronavirus Cases in Thailand and Europe

The share price of Sri Trang Gloves (Thailand) Public Company Limited (STGT) rose ฿2.50/share or 5.95% after the opening bell on April 7, 2021, to trade at ฿44.50/share amid rising coronavirus cases in Thailand and the prolonged lockdown in Europe.

 

France and Italy imposed nationwide lockdowns on Easter holidays as a surge of cases threatened the two countries again. Meanwhile, Thailand also reported a new cluster, causing a spike in Covid-19 cases and concerns over the economic recovery.

 

SET Index plunged 19.10 points or 1.21% to 1,560.56 points with a trading value of 20.9 billion baht as of 10:17 local time in Thailand.