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Nok Air share price skyrockets

Sep 15. 2017
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By The Nation

3,574 Viewed

Nok Air share price on Friday rose 8.79 per cent, closing at Bt5.20 per share following the resignation on Thursday of Nok Air’s chief executive officer Patee Sarasin.

The share peaked at Bt6.05 during day trade, rising 26 per cent from the day’s opening. The volume of trade was 955.1 million shares. 

An analyst at Asia Plus Securities said that investors felt confident about the attempt to revitalise the airline and they also believed that the second round of fund-raising would be successful. 

Nok Air told the Stock Exchange of Thailand in a statement that Patee would remain a director and vice chairman of the beleaguered budget airline, while Piya Yodmanee has been named Nok Air’s new CEO 

effective from Thursday.

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