BANGKOK, Dec. 3 (Xinhua) -- Thailand's stock investor confidence continued to drop in November, mainly due to concerns over the domestic economic slowdown, political uncertainties, and export outlook, a survey showed on Wednesday.
The investor confidence index, which predicts market conditions over the next three months, stood at 101.55 last month, down from 135.73 in the October survey and falling to the "neutral" zone, according to the Federation of Thai Capital Market Organizations (FETCO).
Investor morale declined across all categories, with retail investors down 23.7 percent, proprietary investors down 9.1 percent, institutional investors down 23.2 percent, and foreign investors down 28.6 percent, the FETCO said in a statement.
In November, the Stock Exchange of Thailand experienced volatility and slipped below the 1,300-point level, weighed down by signs of an economic slowdown, the impact of severe flooding in the southern region, and political factors affecting government stability, said FETCO Chairman Kobsak Pootrakool.
However, the downside was partially offset by the government's economic stimulus measures, such as the co-payment program to boost consumer spending and the tax-refund campaign to encourage domestic travel and dining expenses, Kobsak said.
Looking forward, he noted that investors expect a dovish stance from the central bank in its December policy rate decision, while market attention is focused on potential inflows into tax-saving funds, which could help support sentiment in the Thai capital market during the final month of the year. ■
