Stocks related to tourism in the Thai stock market edged higher on Tuesday, following a positive session in the main bourse and the new stimulus measure from the Thai government to boost the tourism sector.
As of 10:51 BKK time on Tuesday, the share price of Airports of Thailand Public Company Limited (SET: AOT) rose THB1.75 or 2.62% to THB68.50 per share. Minor International Public Company Limited (SET: MINT) increased THB0.50 or 1.69% to THB30.00 per share. Central Plaza Hotel Public Company Limited (SET: CENTEL) gained THB1.00 or 2.29% to THB44.75 per share. The Erawan Group Public Company Limited (SET: ERW) rose THB0.05 or 0.97% to THB5.20 and Siam Wellness Group Public Company Limited (SET: SPA) increased THB0.10 or 0.83% to THB12.10 per share.
Meanwhile, Thailand’s SET Index rose 6.31 points or 0.44% to 1,433.42 points. The index bounced back slightly after a loss of over 1.6% yesterday due to concerns of war escalation in the Middle East.
The tourism sector also received a boost from a new measure introduced by the Thai government yesterday. At the cabinet meeting on Monday, policymakers approved to grant a free visa for Russian travellers, while extending stay to 90 days from the previous 30 days.
Russian tourists were the top third arrivals in Thailand pre-covid behind Malaysia and China. So far this year, Russian travellers are the top fifth in arrivals.