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Shares in Thai petrochemical firms set to recover.
Byline: Ploy Chitsomboon
Dec. 6--Petrochemical stocks are expected to rally next week following recent mixed trading over market concerns regarding currency and oil price trends.
Shares in the petrochemical sector have levelled off in recent days, mirroring declines in global oil prices. Uncertainties regarding foreign exchange trends and the stability of the Chinese yuan has also affected investor sentiment.
Sukit Udomsirikul, an analyst with Apex Securities, said several stocks, including The Aromatics, Thai Olefins and Vinythai had slumped last week due to falling oil prices and yuan uncertainties.
He said any adjustment by the yuan ...
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Source: HighBeam Research, Shares in Thai petrochemical firms set to recover.