BANGKOK, May 8 (Xinhua) -- Thailand's stock investor confidence worsened in April as concerns over geopolitical conflicts and inflation weighed down sentiment while hopes were pinned on the government's stimulus package, a survey showed on Wednesday.

The investor confidence index, which predicts market conditions over the next three months, stood at 92.29 last month, down from 106.91 in March and remained in the "neutral zone" for the third consecutive month, according to the Federation of Thai Capital Market Organizations (FETCO).

Investor confidence across most categories deteriorated, with retail investors down 28.9 percent, proprietary investors down 31.9 percent, institutional investors down 13.1 percent and foreign investors unchanged, the FETCO said in a statement.

The FETCO noted that the Thai government's short-term economic stimulus via the digital wallet handout and the potential for interest rate cuts in the latter half of the year are factors to be monitored. Enditem

Related

Go to Forum >>0 Comment(s)