TLI Gains 3% after the Inclusion of FTSE Mid-Cap Series

The share price of Thai Life Insurance Public Company Limited (SET: TLI) rose nearly 3% on Monday after being listed in FTSE Mid Cap Index.

FTSE All World Index announced that TLI will be included in the Mid Cap series with an effective date on December 16, 2022. Analysts expected around $US80.6 million from foreign flows in TL, while expecting that the performance to remain strong in the fourth quarter to push net profit this year to 10.8 billion baht, representing an increase by 29%.

Capital Nomura Securities gave a strategic target price for TLI at THB20.10, while Asia Plus Securities gave THB19.00 per share.