PTTGC Gains 4% amid Recovering Demand and Funds Inflow

PTT Global Chemical Public Company Limited (SET: PTTGC) closed the morning session on November 7 at THB 48.25 per share, increased THB2.00 or 4.32%. The highest price of the morning session was THB 48.50 and the lowest was THB 46.75 per share, with a trading value of THB1,365 million.

The share price of PTTGC has increased continuously to its highest level in two months when the price was THB 47.75 on August 25, 2022.

Miss Naree Apisawaittakan, Securities Investment Analyst of Phillip Securities (Thailand) PCL, said the share price of PTTGC increased because the performance in the fourth of 2022 will recover bottomed out in 3Q22 and demand recovery will be better, including the share price getting demand from positive sentiment from a soon-reopening of China, which led to speculation from investors. Meanwhile, the overall market also received positive sentiment from foreign flows.