Investor confidence declines to lowest level in 9 months Market waits for vaccine distribution published : 4 Aug 2021 at 04:00 67 Investor confidence has plunged to its lowest level in nine months and is now bearish amid concerns over Thailand's worsening pandemic and economic contraction, according to a new survey. Paiboon Nalinthrangkurn, chairman of the Federation of Thai Capital Market Organizations (Fetco), said the Investor Confidence Index (ICI) in July, which anticipates market conditions over the next three months, was at 64.4, down 39.3% from the previous month. It fell into bearish territory, which is anything below 80, for the first time in nine months. Vaccine distribution to help ease the pandemic remained the strongest factor supporting investor confidence, followed by the pace of the local economic recovery and hopes that government policies would shore up the economy.