RCL Leads Thai Shipping Sector, Gaining over 10% in Tuesday Trade
Three shipping stocks rallied as the Shanghai Containerized Freight index has reached record high
Three shipping stocks rallied as the Shanghai Containerized Freight index has reached record high
21 ธ.ค. 2564

Three shipping stocks rallied on Tuesday trading as the Shanghai Containerized Freight index has reached record high. This reflects increased shipping demand in the run-up to the end-of-year holiday season.
As of 12.13 hrs local time in Thailand, the share price of Regional Container Lines Public Company Limited (SET: RCL) rose THB4.50/share or 10.40% to THB47.75/share, with a trading value of THB894 million.
The share price of Precious Shipping Public Company Limited (SET: PSL) rose THB4.29/share or 4.29% to THB17.00/share, with a trading value of THB278 million.
The share price of Thoresen Thai Agencies Public Company Limited (SET: TTA) rose THB0.35/share or 3.72% to THB9.75/share, with a trading value of THB226 million.
Maybank Securities (Thailand) (MST) stated that the surge in shipping stocks was driven by a speculation of investors following the Shanghai Containerized Freight index reaching an all-time high, indicating that cargo shipments at the end of the year remained on track.
Meanwhile, despite continued volatility, the Baltic Dry Index (BDI) continues to generate a bullish sentiment for dry bulk shipping stocks such as PSL and TTA.