In brief
The Thailand Federation of Capital Market Organizations reported investor confidence in the market dropped to 100.86 in October, down from 148.72 in September. The decline spanned all investor categories, with concerns about geopolitical tensions, high energy prices and domestic economic slowdown weighing on sentiment. Listed companies’ earnings, government stimulus and tourism recovery remained the main positive drivers of optimism.
BANGKOK, Nov. 10 – Thailand’s stock investor confidence fell sharply in October, sliding the confidence index from 148.72 in September to 100.86, which places it in a neutral zone.
The investor confidence index is used to predict market conditions over the next three months, the Federation of Thai Capital Market Organizations (FETCO) said.
According to a 10‑page statement released by FETCO, sentiment declined across all investor categories, with retail investors reporting a 13.2 percent drop, proprietary investors falling 19.2 percent, domestic institutional investors slipping 7.4 percent, and foreign investors falling 49.2 percent.
Geopolitical tensions, a domestic economic slowdown, persistently high energy costs and rising U.S. Treasury yields were cited as key drivers of the sentiment shift.
The Stock Exchange of Thailand (SET) index traded within a narrow range during October, the market was pressured by the prolonged conflict in the Middle East, elevated energy prices and concerns about ongoing inflation.
Paiboon Nalinthrangkurn, chairman of FETCO, said that exporters had provided some support, "continued growth in Thai exports, particularly digital and electronic products, lent the market some support," he added in a FETCO briefing.
The Stock Exchange of Thailand (SET) index traded within a narrow range in October, pressured by the prolonged conflict in the Middle East, persistently high energy prices and U.S. Treasury yields, and concerns over continued inflation.
He said investors are tracking the implications of the U.S. midterm elections for economic and trade policies, the U.S. Federal Reserve’s monetary policy, and geopolitical tensions.
Looking forward, investors are tracking the implications of U.S. midterm elections for economic and trade policies, the U.S. Federal Reserve's monetary policy, and geopolitical tensions.
Domestic concerns remain focused on third‑quarter earnings of listed companies, the effectiveness of government flood relief and consumption stimulus measures, and the ongoing recovery of the tourism sector during the high season.
He added that domestically, eyes remain on third‑quarter earnings of listed companies, the effectiveness of government flood relief and consumption stimulus measures, and the tourism recovery during the high season.
While sentiment weakened, the survey highlighted several positive anchors: listed companies’ earnings were the strongest driver of market sentiment, followed by government economic stimulus and a rebound in tourism activity, FETCO noted.
In a market still watching U.S. policy shifts and regional unrest, the confidence index’s slide into neutral territory signals cautious forecasting by investors across Thailand.
Overall, the data shows that while Thailand’s corporate earnings and government measures provide reassurance, external pressures and a slowing domestic demand continue to temper investor optimism.
