BANGKOK : Investor confidence in Thailand’s stock market over the next three months has risen on expectations of further foreign fund inflows, despite concerns about the Ukraine crisis and U.S. monetary tightening, a capital market group said on Monday.
A survey in late February by the Federation of Thai Capital Market Organizations (FETCO) showed its investor confidence index rose 20.4per cent to 113.03 but remained in the “neutral zone”, after dropping to 93.9 in the previous month.
Foreign investors’ confidence jumped by 186per cent to the “bullish zone” from the “bearish zone”, also helped by Thailand’s economic recovery and reopening, the Federation said.
“From last month’s survey, everyone believed the (Ukraine) crisis could be resolved this month or in the short term and foreign inflows would continue,” federation chairman Paiboon Nalinthrangkurn told a new…
