Investor confidence for stocks remains bullish in the first quarter of 2021, supported by foreign fund inflows and domestic economic growth despite concerns that a tourism recovery is still months away as there is a second wave of Covid-19.
Banking, petrochemicals and information and communication technology ranked among the most attractive sectors, while tourism was the least attractive.
Federation of Thai Capital Market Organizations (Fetco) chairman Paiboon Nalinthrangkurn said the Fetco Investor Confidence Index (ICI) for the first quarter remains in the bullish zone despite a dip of 19.1% to 130.63 from the preceding quarter, when it was in the very bullish zone following progress in vaccine development in early November 2020.
Positive factors supporting investor confidence were the prospect of ongoing inflows, domestic economic growth and a 40% increase in…
