Investor confidence fell in December as the omicron threat loomed, but the overall outlook remained bullish.
The Federation of Thai Capital Market Organizations (FETCO) said on Thursday that the Investor Confidence Index has dropped 4.2 percent from the previous month to 129.53 in December, but the outlook remained upbeat due to investors’ hope for economic recovery.
Hope for economic recovery in Thailand remained the strongest factor supporting investor confidence, followed by foreign capital inflows and the operating results of listed companies. On the other hand, the spread of the COVID-19 omicron variant, as well as the ongoing global conflicts and concerns about Thailand’s benchmark interest rate, have posed a significant threat to investors’ confidence.
