BANGKOK, Jan 11 (NNN-TNA) – Thailand’s stock investor confidence soared in Dec, 2023, driven by fund inflow, tourism recovery and the government’s stimulus measures, a survey showed, yesterday.
The investor confidence index, which predicts market conditions over the next three months, jumped 38.9 percent, reaching 137.00 last month, compared to 98.60 in Nov, 2023, up to the “bullish” zone from the “neutral” zone, according to the Federation of Thai Capital Market Organisations (FETCO).
Investor confidence across all categories improved, with retail investors up 29.4 percent, proprietary investors up 16.7 percent, institutional investors up 17.9 percent, and foreign investors up 50.0 percent, the FETCO said in a statement.
The decision by the U.S. Federal Reserve to hold its policy rate, and the Bank of Thailand to maintain its policy interest rate at 2.50 percent, as expected, helped boost the Stock Exchange of Thailand index in Dec, the statement said.
FETCO noted that, public investment, which tends to be lower than expected, following the 2024 fiscal budget delay, export recovery, which is tracking an improved global trade climate, and tourism revival, which has been hampered by fewer-than-expected tourists from major markets, are factors to be monitored.– NNN-TNA
