Thailand: Investor confidence expected to rise sharply in March

Investor confidence is forecast to soar following recent Thai economic expansion. (Photo: Reuters) Bangkok (NNT/VNA) – Investor confidence is forecast to soar following recent Thai economic expansion, continuously increasing stock market index and the global economic recovery. The Federation of Thai Capital Market Organisations has published an investor confidence report, January 2018 issue, which forecasts the stock market index in the next three months. In March 2018, the index is predicted to stand at 153.94 points, increasing by 2.08 percent compared to February of the same year. Positive factors for the index hike include higher economic growth, capital inflows as well as the Thai stock index’s increase to 1,753.71 in December 2017. Such an increase is close to the index’s all-time record high. The US’ tax policy which is expected to stimulate the US economy is another positive factor for the Thai stock index. International capital flows and the Thai political situation are among the factors that may negatively impact on investor confidence. The report speculates that the Thai stock index might tumble if the government does not announce a general election this year. Furthermore, if the government raises the policy interest rate, funds will move from the capital market to the savings market. The report predicts that this year’s Thai stock index will move between 1,650 and 1,870 points. – VNA

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