Investor outlook buoyant for third month in a row

Investor outlook buoyant for third month in a row

Index until May increased by 14.8%

The Investor Confidence Index (ICI) remained in bullish territory for the third consecutive month in February as investors bet on a brighter Covid-19 outlook after vaccine distribution began and more fund inflows headed to emerging markets, driving old economy stocks to outperform new normal stocks this year.

However, the rising number of Covid-19 cases tarnished investors’ confidence the most, followed by worries over international conflicts and a local economic retreat.

Paiboon Nalinthrangkurn, chairman of the Federation of Thai Capital Market Organizations (Fetco), said the ICI for the next three months rose to 152.19, a 14.8% increase from the previous month, hovering in the bullish zone for the third consecutive month.

The…