Thailand’s Investor Confidence Plunges Sharply to ‘Sluggish’ Range over Political Uncertainties

Thailand’s Investor Confidence Index was at 77.70 in May versus 110.09 in April, according to the data released by the Federation of Thai Capital Market Organizations (FETCO) on Wednesday.

Investor’s confidence in May entered a ‘sluggish’ range (40-79) for the first time in eight months. Confidence from proprietary investors increased 14.3% to 100.00, while confidence in individual investors plunged 24.0% to 73.61, local institutions dropped 18.5% to 91.67 and foreign investors fell 40.0% to 75.00 points.

According to FETCO, the banking sector has the highest interest among investors, while petrochemicals has the least interest. Forming a coalition is the main catalyst for the Thai capital market, while political issues after the election are the main risks.