On the Stock Exchange of Thailand, Sansiri shares with the SIRI symbol were traded for 1.80 baht each, down 0.09 baht (4.8%) from the previous closing price of 1.89 baht.
At 10.05 am, the price had fallen to 1.64 baht, a 13.22% decrease, and was at its lowest point of the day.
At lunch, it increased to 1.75 baht.
According to Thanyathorn Songwut, a Finansia analyst, investors had previously predicted a jump in SIRI’s share price because they believed Pheu Thai would become the next coalition leader. Shares of the developer were in high demand as investors anticipated additional price increases.
She claimed that SIRI’s share price fell after it became apparent that Move Forward had defeated Pheu Thai in the contest.
But because Sansiri was supported by strong performance, she advised long-term investors to purchase up the shares for medium- and long-term gains.
According to Thanyathorn, Sansiri will reveal its findings on Tuesday, and a growth of more than 300% is anticipated.
Srettha left all of his positions at Sansiri after entering politics as Pheu Thai’s nominee for prime minister.
