GULF-BGRIM Edge Higher, Expecting Biden’s Clean-Energy Campaign to Support Energy Stocks

GULF-BGRIM Edge Higher in Anticipation of Biden’s Clean Energy Campaign to Buoy Energy Stocks.

The share price of Gulf Energy Development Public Company Limited (GULF) and B.Grimm Power Public Company Limited (BGRIM) edged higher despite a plummet in SET Index.

 

As of 11:26 on Friday in Thailand, GULF rose ฿1.75/share or 5.6% to ฿33.00/share with a trading value of 1,798 million baht. BGRIM gained ฿1.75/share or 3.85% to ฿47.25/share with a trading value of 945 million baht.

 

Trinity Securities stated that Joe Biden has a campaign that would support clean energy and is expected to be in action before any other campaigns due to it being an environmental-related campaign.

To this reason, investors around the globe started to focus on energy stocks. Trinity saw GULF, GPSC, EA and BGRIM as main focus in the group.

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