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Sunday, May 12, 2024

Stocks surge amid Q2 joy

Stocks surge amid Q2 joy

Falling Covid cases boosted share prices

An electronic display of stock indices at a brokerage firm. SET-listed companies reported a total net profit of 275.68 billion baht for the second quarter, up 119% from the same period last year. (Photo: Pornprom Satrabhaya)

Thai stocks recovered strongly on Monday after listed companies reported excellent second-quarter performances last week, and the number of daily new Covid-19 infections began to decline.

Analysts speculated that foreign capital will start flowing into the Thai bourse as positive investment data from Thailand Focus, an annual investment virtual conference scheduled for tomorrow, will help lift investor confidence.

The SET Index yesterday rose 1.86% to close at 1,582.07…

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