Dr. Santi Kiranand, representative of the Federation of Thai Capital Market Organizations (FETCO), commented on the monthly FETCO Investor Confidence Index (ICI) for September 2017 Details follow:

  • FETCO Investor Confidence Index (ICI) for the next three months (through November 2017) stood at 124.13, rising into the index’ bullish range of 121 – 160, and up 19.34% from the previous month’s level of 104.01.
  • The overall ICI increased significantly, with foreign investors and local institutional investors jumping from neutral territory to bullish, while the proprietary traders’ ICI decreased slightly but remained bullish; the retail investor index increased but remained in the neutral range as in the previous month.
  • Tourism & Leisure (TOURISM) was considered the sector offering the most attractive investment opportunities, while Agribusiness (AGRI) drew the least investor interest.
  • The factor influencing the Thai stock market the most was the overall performance of the Thai economy while the risk of international conflict proved to be the biggest drag on the Thai stock market.

“Recent investment conditions witnessed the Thai stock market rising since late August 2017. Trading volumes increased notably from the previous period partly due to foreign investors becoming net buyers since late August. This was not unexpected as foreign investors adjust their portfolios and funds flow out of Central Asia due to the risk of conflict on the Korean Peninsula. In addition, the domestic economic recovery is likely to continue to boost the performance of Thai listed companies. Recent global investment conditions have seen the US stock market continue to increase slightly, although its performance is likely to be impacted by the flooding in Texas. Meanwhile, investors continue to monitor the US Federal Reserve interest rate policy and its reduction in the size of its balance sheet. The European economic recovery continues slowly though interest rate policies continue to be maintained to stimulate the economy. However, investors expect European banks to gradually reduce stimulus measures later this year. In addition, investors will be monitoring the election results for German Chancellor and the upcoming National Congress of the Communist Party of China, though investors do not anticipate either will lead to significant changes.”

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– FETCO Investor Confidence Index Report
– Press Release