FETCO reveals investor confidence index "stable", keeping an eye on the government's measures to stimulate the economy.

FETCO reveals the investor confidence index is in the 'stable' range for the third consecutive month. Investors expect support from economic stimulus measures. and the Thai economy

Mr. Kobsak Pootrakul, Chairman of the Federation of Thai Capital Market Businesses (FETCO), revealed the FETCO Investor Confidence Index (ICI) survey results for April 2024 (conducted between April 19-30, 2024), showing that the index for the next three months is at 92.29, remaining in the "stable" category for the third consecutive month.

Investors view the government's economic stimulus measures as It is the most confidence-boosting factor. Followed by the recovery of the domestic economy and the recovery of the tourism sector. While the factor that drags down investor confidence the most is the international conflict situation. Second is the inflation situation. and operating results of listed companies

The results of the survey were summarized as follows:

• The overall confidence index for all investor groups in the next 3 months (July 2567) is in the "stable" criteria (index value range 80-119) at the level of 92.29.
• Confidence among individual investors and the securities company accounting group are in the "sluggish" category. The confidence of the institutional investor group is in the "hot" category, while the group of foreign investors is in the "stable" category.
• The most interesting business category is Tourism and Leisure (TOURISM).
• The most uninteresting business category is FASHION.
• The supporting factor that has the greatest influence on the Thai stock market is the government's economic stimulus measures.
• The pull factor that has the greatest influence on the Thai stock market is the conflict situation between countries.

“Survey results as of April 2567 by investor group found that confidence in the individual investor group decreased 28.9% to 76.47, the securities company accounting group decreased 31.9% to 77.78, and the domestic institutional investor group decreased. 13.1% to the level of 123.08 and the group of foreign investors was stable at the level of 100.00.”

In early April 2567, the SET Index fluctuated within a narrow range and had light trading values ​​before entering the long holiday period. In the middle of the month, the SET Index rose above 1,400 points, supported by capital inflows from abroad before the announcement of 1Q2567 earnings.

before adjusting down after the Songkran festival due to concern over the conflict situation in Israel and Iran. And the estimated US GDP for the first quarter of 1 expanded at 2567%, which was lower than the forecast of 1.6% and was the slowest slowdown in 2.4 years.

The SET Index at the end of April 2567 closed at 1,367.95, decreasing 0.7% from the previous month. The average daily trading volume in April 2567 was 45,435 million baht, and foreign investors returned to buy net more than 3,787 million baht since the beginning of the year. Foreign investors still sold net more than 65,075 million baht.

International factors that must be monitored include the global interest rate trend that remains at a high level. In addition, inflation numbers in the United States are still high, which will affect the decision of the Federal Reserve (Fed) to maintain interest rates further. Including the need to keep an eye on the conflict situation in the Middle East which is still uncertain. As for domestic factors that are worth following, include government measures to stimulate the economy in the short term to support the economy. Clarity of the digital wallet project and the trend of reducing the policy interest rate in the second half of 2567