BANGKOK (The Nation/ANN): Thailand’s Investor Confidence Index was up 1.5 per cent in January for its second successive monthly rise, the Federation of Thai Capital Market Organisations (Fetco) reported on Wednesday (Feb 3).
The index rose to 132.55, buoyed by an influx of foreign funds, the rollout of Covid-19 vaccines and the performance of companies listed in the Stock Exchange of Thailand (SET), Fetco chairman Paiboon Nalinthrangkurn said.
Meanwhile, downside factors causing uncertainty among investors were the fresh Covid-19 outbreak, worries over the euro zone’s economy, and Thailand s economic recession.
He added that investors were drawn to shares in the energy, petrochemical and commercial sectors.
Investor confidence improves but new Covid wave drags
published : 2 Feb 2021 at 15:51
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Investor confidence in Thai financial markets over the next three months has improved slightly on optimism over vaccines and capital inflows, but has been capped by a new wave of coronavirus cases, a capital market association said on Tuesday.
A survey in January by the Thai Capital Market Organizations (FETCO) showed its investor confidence index was at 132.6 after falling to 130.6 in December, when the new Covid-19 cases emerged. Thailand s selling points this year are vaccines, fund inflows and a recovery in corporate earnings, Federation chairman Paiboon Nalinthrangkurn told a briefing, noting the index was still in the bullish zone.
BANGKOK (Feb 2): Investor confidence in Thai financial markets over the next three months has improved slightly on optimism over vaccines and capital inflows, but has been capped by a new wave of coronavirus cases, a capital market association said on Tuesday.
A survey in January by the Thai Capital Market Organizations (FETCO) showed its investor confidence index was at 132.6 after falling to 130.6 in December, when the new COVID-19 cases emerged. Thailand s selling points this year are vaccines, fund inflows and a recovery in corporate earnings, Federation chairman Paiboon Nalinthrangkurn told a briefing, noting the index was still in the bullish zone.
BANGKOK, Feb 2 (Reuters): Asian stocks rose on Tuesday as signs of progress in US stimulus talks boosted Wall Street overnight, while Indian shares posted strong gains for a second consecutive session after the unveiling of a high-spending 2021/22 budget.
In South East-Asia developments, Thai shares edged up ahead of Bank of Thailand s policy meeting on Wednesday (Feb 3).
The central bank is widely expected to leave its key rate unchanged at a record low, preserving limited policy ammunition as the economy deals with its latest wave of coronavirus infections.
Investor confidence in Thai financial markets over the next three months has improved slightly on optimism over vaccines and capital inflows, but has been capped by a new wave of coronavirus cases, a capital market association said on Tuesday.
Confidence for stocks remains bullish in first quarter
published : 12 Jan 2021 at 04:33
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Investor confidence for stocks remains bullish in the first quarter of 2021, supported by foreign fund inflows and domestic economic growth despite concerns that a tourism recovery is still months away as there is a second wave of Covid-19.
Banking, petrochemicals and information and communication technology ranked among the most attractive sectors, while tourism was the least attractive.
Federation of Thai Capital Market Organizations (Fetco) chairman Paiboon Nalinthrangkurn said the Fetco Investor Confidence Index (ICI) for the first quarter remains in the bullish zone despite a dip of 19.1% to 130.63 from the preceding quarter, when it was in the very bullish zone following progress in vaccine development in early November 2020.