Thai Shipping Stocks Surge after Baltic Exchange Logs Best Day in Two Months

Three major shipping stocks in the Thai market edged higher on Friday after the global freight index hit the highest level in two months.


With 20 minutes left before the closing of the morning session on Friday, the share price of Thoresen Thai Agencies Public Company Limited (SET: TTA) rose 3.05% to THB8.45 per share.

Regional Container Lines Public Company Limited (SET: RCL) gained 4.35% to THB30.00 per share.

Precious Shipping increased 3.31% to THB15.60 per share.


Surge in shipping stocks came after the Baltic Dry Index, a Baltic Exchange of dry bulk sea freight, had its best day in nearly two months, logging a 9% gain to 1,528 points.