Investors Pullback on Shipping Stocks as Weak Freight Indicator Weigh on the Market

Three leading shipping stocks in the Thai stock market edged lower on Monday due to a plummet in the Baltic Exchange’s dry bulk sea freight index since October 19 by 22.22%, while last week marked the worst since early August as weakness in the larger capesize and panamax vessel segments weighed on the index.


The share price of Precious Shipping Public Company Limited (SET: PSL) closed the morning session at THB13.40 per share, decreased THB0.50 or 3.60%.

Regional Container Lines Public Company Limited (SET: RCL) fell THB1.25 or 4.42% to THB27.00 per share.

Thoresen Thai Agencies Public Company Limited (SET: TTA) dropped THB0.05 or 0.65% to THB7.70 per share.