Fetco Investor Confidence Index falls back for first time in nine months
The Fetco Investor Confidence Index has retreated for the first time since August, falling 22.9 per cent this month to 92.65 points, Voravan Tarapoom, chairman of the Federation of Thai Capital Market Organisations, reported on Monday.
Fetco’s indexes dropped among all groups of investors, with the foreign-investor index declining the most sharply.
The confidence index for foreign investors decreased to 75 points, down 43.75 per cent, while the index of individual investors edged down 9.2 per cent to 105.12 points.
All investor groups viewed energy and utility groups as attractive for investment.
Paiboon Nalinthrangkurn, chief executive officer of Tisco Securities and chairman of the Securities Analysts Association, said stock markets across the world, including Thailand, are expected to continue their upward trend for two years, but will likely face limited rises.
The Stock Exchange of Thailand Index is expected to reach a “proper” level of 1,850 points this year, and be in a range of 1,950-2,000 points next year, he added.
