INVESTORS MORE UPBEAT
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The Investor Sentiment Index turned bullish in August for the first time in seven months, climbing 19.34 percent from a month earlier to 124.13 due to greater certainty in the Thai economic recovery and inflows of foreign capital, according to the Federation of Thai Capital Market Organisations.
Last month’s reading was 104.13.
“The Thai economic recovery and capital movement came as the support factors, while there was pressure from international conflicts,” said Santi Kiranand, a representative of the federation.
Ariya Tiranaprakit, executive vice president of the Thai Bond Market Association, said the Monetary Policy Committee’s policy rate is expected to remain unchanged at 1.5 per cent at its September meeting due to benign inflation and the gradual pace of the economic recovery.
