Israel-Hamas battle and international fund outflows key factors, says industry trace
PUBLISHED : 8 Nov 2023 at 15:07
Investor confidence within the Thai stock market has hit a 5-month low, weighed down by the Israel-Hamas struggle and capital outflows, a trace by a capital markets community confirmed on Wednesday.
The October trace by the Federation of Thai Capital Market Organizations (Fetco) confirmed its general investor confidence index, which anticipates market stipulations over the next three months, dropped by 31.5% from the old trace, slipping into the bearish zone from neutral.
The index in September was as soon as down 20.6% from August.
International merchants’ confidence in October declined 16.7% from the old trace, Fetco talked about in an announcement. Self perception declined by 45.3% among retail merchants, 34% among brokers and 31.6% among institutional merchants.
The SET Index has fallen about 15% up to now this 300 and sixty five days, with international merchants salvage sellers of about 175 billion baht worth of Thai shares, compared with salvage shopping for of honest over 200 billion baht for all of closing 300 and sixty five days.