Investor confidence in Thai financial markets over the next three months has improved slightly on optimism over vaccines and capital inflows, but has been capped by a new wave of coronavirus cases, a capital market association said on Tuesday.
A survey in January by the Thai Capital Market Organizations (FETCO) showed its investor confidence index was at 132.6 after falling to 130.6 in December, when the new Covid-19 cases emerged.
“Thailand’s selling points this year are vaccines, fund inflows and a recovery in corporate earnings,” Federation chairman Paiboon Nalinthrangkurn told a briefing, noting the index was still in the bullish zone.
Fund inflows are expected to return in the second half of this year as corporate earnings outperform in line with a slow recovery in the tourism-driven economy and sectors linked to the global economy, he said.
The Thai stock…
