Protracted uncertainty over government formation the main cause, capital market survey finds
Uncertainty over the formation of a new government has dragged investor confidence in the country’s stock market to an eight-month low, a capital markets group said on Wednesday.
The Federation of Thai Capital Market Organisations (Fetco) said its overall investor confidence index fell to 77.70 from 110.09 in May, slipping into the “bearish zone” for the first time in eight months.
Foreign investor confidence was also in the same zone, as they have sold a net 102.4 billion baht worth of Thai shares so far this year, and 31 billion baht in May alone.
In the first half of May, before the election in which the Move Forward and Pheu Thai parties won a…
