BTS shares dropped on Monday due to concerns about the policy of incoming Bangkok Governor Chadchart Sittipunt on the Green Line concession. (Bangkok Post photo)
Shares of Skytrain operator BTS Group Holdings Plc nosedived on Monday while the future of express bus operator BRT is hanging in the balance in the wake of Chadchart Sittipunt’s victory in the Bangkok governor election.
BTS shares were down 25 satang – 2.78% – to close at 8.75 baht, whereas the SET index gained 12.33 points or 0.76% to end the day at 1,635.28.
Analysts said BTS share prices came under pressure because of the former transport minister’s pre-election comments on the future of the Green Line.
Mr Chadchart easily won the gubernatorial election on Sunday…
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
