BANGKOK, Jan. 13 (Xinhua) -- Thailand's stock investor confidence plunged in December 2024 as international conflicts, along with the import-export and inflation situation, clouded sentiment, a survey showed on Monday.

The investor confidence index, which predicts market conditions over the next three months, stood at 78.52 last month, dropping from 118.28 in November and entering the "bearish" zone, according to the Federation of Thai Capital Market Organizations (FETCO).

Investor morale across all categories retreated, with retail investors down 15.6 percent, proprietary investors down 22.2 percent, institutional investors down 34.2 percent and foreign investors down 43.7 percent, the FETCO said in a statement.

In December, the Stock Exchange of Thailand traded within a narrow range due to low activity, compounded by ongoing foreign investor sell-offs. However, the government's 2025 economic stimulus measures and purchases of tax benefit funds helped mitigate potential losses, said FETCO Chairman Kobsak Pootrakool.

Investors are watching the economic recovery as budget disbursement is rolled out, boosting public investment and driving the economy.

Additionally, the Bank of Thailand's dovish policy rate, tourism recovery and listed companies' earnings announcements are factors being monitored, Kobsak said in a statement. Enditem

Related

Go to Forum >>0 Comment(s)