Investor confidence in the nation’s stock market has dropped to an eight-month low due to uncertainty over the formation of a new government, according to the Federation of Thai Capital Market Organisations (Fetco). The overall investor confidence index has dipped to 77.70 from 110.09 in May, entering the “bearish zone” for the first time in eight months. Foreign investor confidence has also followed suit, with a net sale of 102.4 billion baht worth of Thai shares this year and 31 billion baht in May alone.
Before the election, in which the Move Forward and Pheu Thai parties secured a combined 292 seats, the Stock Exchange of Thailand (SET) index had continued to rise, defying global trends, as reported by Fetco. However, after the election, the SET index became the “worst performer among global markets due to concerns over the new government…
