STGT-STA Bounce Back from the Loss on Ex-Dividend Date amid Rising Covid-19 Cases

The share price of STA and STGT bounced back from a slight plummet on the ex-dividend date in response to the rising global coronavirus cases.

 

At the closing of the morning session on Friday, April 16, 2021, Sri Trang Agro-Industry Public Company Limited (STA) rose ฿1.25/share or 2.75% to ฿46.75/share with a trading value of 728 million baht. Meanwhile, Sri Trang Gloves (Thailand) Public Company Limited (STGT) increased ฿0.75/share or 1.72% to close at ฿44.25/share with a trading value of 1,142 million baht.

 

On April 12, 2021, STA put up an ex-dividend date to offer a dividend payment of ฿1.75/share on April 29, 2021. STA closed ฿1.25/share lower.

Meanwhile, STGT also had an ex-dividend date on the same day to offer a dividend payment of ฿2.00/share on April 28, 2021. STGT closed at ฿2.00/share lower.

 

In the meantime, both companies would receive positive sentiment from rising coronavirus cases globally due to being a material provider for rubber gloves and a producer of rubber gloves.

 

On April 15, 2021, there were 836,306 new cases with 13,839 additional new deaths. Total global cases recorded at 139 million.

India saw the highest uptick with more than 216,000 cases yesterday, while the U.S. and Brazil recorded 74,000 and 80,000 new cases, respectively.