Siam Cement Public (OTCMKTS:SCVPY) Trading Up 4% – Here’s Why

Shares of The Siam Cement Public Company Limited (OTCMKTS:SCVPY) shot up 4% during trading on Friday . The stock traded as high as $8.02 and last traded at $8.02. Approximately 315 shares changed hands during mid-day trading, a decline of 63% from the average session volume of 856 shares. The stock had previously closed at $7.71.

Siam Cement Public Price Performance

The company’s fifty day moving average is $7.66 and its two-hundred day moving average is $6.23.

Siam Cement Public Company Profile

Siam Cement Public Company Limited, known as SCG, is one of Thailand’s largest industrial conglomerates with core operations in cement, building materials, chemicals and packaging. Established in 1913 by royal charter, the company has grown from its beginnings as a state‐promoted cement producer into a diversified group serving markets across Southeast Asia and beyond. Headquartered in Bangkok, SCG combines a mix of state and institutional shareholding with private investment to maintain its position as a leading regional supplier of construction and industrial products.

In its Cement‐Building Materials business, SCG manufactures and markets cement, concrete, mortar, roofing products, ceramic tiles, pipes and related construction materials under a variety of well-known brands.