Sentiment surrounding the Stock Exchange of Thailand (SET) was downbeat on Monday, despite Sunday’s landslide election win, as investors dumped shares related to politics and big-cap stocks that might be adversely affected by the policies of the Move Forward Party, analysts say.
The SET index finished 1.28% lower on Monday as shares of Gulf Energy Development Plc (GULF), Thailand’s largest power producer, were among the top losers on the bourse along with other electricity producers, namely B.Grimm Power, Global Power Synergy (GPSC) and Ratch Group.
Investors also dumped shares of Advanced Info Service…
