Thailand's stock investor confidence improved further in August, bolstered by fund inflow, local economic recovery, and the central bank's policy rate cuts, a survey showed on Thursday.
The investor confidence index, which predicts market conditions over the next three months, stood at 120.22 last month, jumping from 81.06 in July to the "bullish" zone, according to the Federation of Thai Capital Market Organizations (FETCO).
Investor morale increased across most categories, with retail investors up 11.0 percent, proprietary investors up 67.1 percent and foreign investors up 100 percent, while institutional investors were down 6.1 percent, the FETCO said in a statement.
Throughout August, the Thai capital market was negatively impacted by the slowing economy, lingering border conflicts, and political uncertainty following the court's dismissal of the prime minister and the cabinet, said FETCO Chairman Kobsak Pootrakool.
Moving forward, the local political situation, specifically the formation of a new government, is a critical factor that could influence the continuity of policies, budget disbursement, and investor confidence, Kobsak noted.