FETCO reveals that the investor confidence index is ‘stable’ for the 5th consecutive month.

Bangkok, FETCO reveals that the investor confidence index has been 'stable' for the 5th consecutive month. Investors expect supporting factors from listed company performance and economic stimulus measures. The dragging factors are the domestic economic recession and capital outflow. Mr. Kobsak Pootrakool, Chairman of the Federation of Thai Capital Market Organizations, revealed the results of the FETCO Investor Confidence Index survey in July 2024 (surveyed between 20-30 June 2024). It was found that the FETCO Investor Confidence Index (ICI) for the next 3 months was at 82.89, still in the 'stable' range. Investors viewed listed company performance as the most supportive factor for confidence, followed by the government's economic stimulus measures and the recovery of the tourism sector. Meanwhile, the factors that dragged down investor confidence the most were the domestic economic recession, followed by capital outflows and the domestic political situation. The FETCO Investor Confidence Index surveyed i n June 2024 yielded the following summary results: ? The overall confidence index for all investor groups in the next 3 months (September 2024) was 'stable' (index range 80-119) at 82.89. ? Confidence of individual investors And institutional investor groups are "stable" while confidence in the securities company account group and foreign investor groups are "sluggish". ? The most interesting business category is the electronic parts category (ETRON) ? The least interesting business category is the real estate development category (PROP) ? The most influential factor for the Thai stock market is the performance of listed companies. ? The most influential factor for the Thai stock market is the domestic economic recession. The survey as of June 2024 by investor group found that confidence in all investor groups decreased. Individual investor groups decreased by 3.3% to 93.65, the securities company account group decreased by 42.9% to 57.14, domestic institutional investors decreased by 10.0% to 110.00, and foreign investors decreased by 25.0% to 75.00. In the first half of June 2024, the SET index decreased due to concerns about political factors, such as the cases of the prime minister and the Move Forward Party which are in the Constitutional Court process. Including the domestic economy, both the manufacturing and export sectors, which are still recovering slowly, causing the index to fall below the 1,300-point range in the middle of the month. However, the index rose slightly in the second half of the month, supported by government measures such as adjusting the conditions of the Thai Sustainable Investment Fund (ThaiESG) and preparing to revive the Vayuphak Fund. At the end of June 2024, the SET Index closed at 1,300.96, down 3.3% from the previous month. The average daily trading volume in June 2024 was 45,238 million baht. Foreign investors sold a net of more than 34,342 million baht. Since the beginning of the year, foreign investors have been net sellers of more than 115,983 million baht. Interna tional factors to monitor include the tendency of central banks in each country to gradually reduce interest rates as global inflation slows down, the elections in the United States and the European Parliament, and the prolonged geopolitical conflict. Domestic factors to monitor include the government's economic promotion measures that will help stimulate exports and domestic consumption, the acceleration of government budget disbursements, which will help drive the Thai economy in the second half of 2024, and the results of capital market stimulus measures through the ThaiESG fund and the results of measures to restore investor confidence, which are expected to help reduce selling pressure from foreign investors and may cause the Thai stock market to recover. Source: Thai News Agency