In brief
Thailand’s stock investor confidence index fell to 100.86 in October, down from 148.72 in September, according to a survey by the Federation of Thai Capital Market Organizations (FETCO). Investor morale dropped across all groups, with retail, proprietary, domestic institutional, and foreign investors reporting negative sentiment. Despite the decline, earnings, government stimulus, and tourism recovery were cited as key supportive factors.
Thailand’s stock investor confidence index slid to 100.86 last month, a 47‑point fall from 148.72 in September, and slipped from the “bullish” to the “neutral” zone, a survey by the Federation of Thai Capital Market Organizations (FETCO) said on Tuesday, November 10.
All investor categories reported negative sentiment: retail investors were down 13.2 percent, proprietary investors 19.2 percent, domestic institutional investors 7.4 percent, and foreign investors 49.2 percent.
FETCO’s statement highlighted the influence of listed companies’ earnings, government economic stimulus measures, and a tourism recovery as the strongest drivers of market sentiment during the period.
The Stock Exchange of Thailand (SET) index traded within a narrow range in October, pressured by ongoing Middle‑East conflict, high energy prices, U.S. Treasury yields, and concerns about persistent inflation, a spokesperson for FETCO explained.
Paiboon Nalinthrangkurn, chairman of the Federation, noted that continued growth in Thai exports—particularly digital and electronic products—provides some support for the market, but cautioned that investors are watching the implications of U.S. mid‑term elections, Fed monetary policy, and geopolitical tensions.
Domestically, focus remains on third‑quarter earnings of listed firms, the effectiveness of government flood‑relief and consumption‑stimulus measures, and the tourism sector’s recovery during the high season.
