Thailand’s stock investor confidence index fell to 64.57 in June, entering the “bearish zone” for the first time in 11 months, according to a survey released Thursday by the Federation of Thai Capital Market Organizations (FETCO).
The FETCO investor confidence index (FETCO ICI), which forecasts market conditions over the next three months, was at 64.57 in June, down 23.1% from the previous month.
Kobsak Pootrakool, chairman of FETCO, stated that tourism recovery is anticipated to be the most supportive factor, followed by a steadily recovering economy that allures foreign fund inflows, and finally the Federal Reserve’s monetary policy about interest rate.
The June 2022 study showed that investors are still concerned about the Fed’s interest rate hike, which could send the economy into a recession. They are also aware of the rising global inflation and the spread of new Omicron sub-variants BA.4 and BA.5.