Stock investor mood improves slightly

Fetco index back to ‘neutral’ as investors hope for smooth formation of new government

Investor confidence in the Thai stock market rose slightly in June, buoyed by hopes of a smooth formation of a new government and continued recovery in tourism and the economy, a capital markets group said on Thursday.

The June survey by the Federation of Thai Capital Market Organisations (Fetco) showed its overall investor confidence index rose to 81.62 from 77.70 in May, moving back to the “neutral zone”.

Foreign investor confidence increased 33% from the previous month, Fetco said in the survey, which anticipates market conditions over the next three months.

Foreign investors,…