Home StocksAsia Thai Investor Mood Improves, Mass Vaccination Begins

Thai Investor Mood Improves, Mass Vaccination Begins

by Paul Ebeling

#Thailand #investors #vaccination #FETCO

Investor confidence in Thai financial markets for the 3 months ahead has risen slightly on optimism over the country’s COVID-19 vaccination program, a capital market association said Monday.

The tourism-reliant country started its long-awaited mass vaccination drive and is preparing a phased reopening to vaccinated foreign visitors later this year, dependent on its progress with inoculations.

A May survey by the Thai Capital Market Organizations (FETCO) showed its investor confidence index rose to 126.4 following a drop to 124.37 in April, when the latest, more severe outbreak emerged.

The vaccination programme to help ease the COVID-19 situation is the most supportive factor, followed by an expected economic recovery and fund inflows,” federation chairman Paiboon Nalinthrangkurn said.

Thailand’s stock market has risen 12% so far this year to 1,621. Mr. Paiboon said it could reach 1,650 by the end of the year.

Foreign investors have sold 62-B baht (US$2-B) of Thai shares so far this year after dumping about 264-B baht in Y 2020.

A separate survey by the Thai Bond Market Association showed the central bank at its next meeting on 23 June will likely keep its Key interest rate at a record low of 0.50% again to support the economy, senior vice president Ariya Tiranaprakijor told the briefing.

Have a healthy day, Keep the Faith!

You may also like

logo-white

Your Trusted Source for Capital Markets & Related News

© 2024 LiveTradingNews.com – For The Traders, By The Traders – All Right Reserved.

The information contained on this website shall not be construed as (i) an offer to purchase or sell, or the solicitation of an offer to purchase or sell, any securities or services, (ii) investment, legal, business or tax advice or an offer to provide such advice, or (iii) a basis for making any investment decision. An offering may only be made upon a qualified investor’s receipt not via this website of formal materials from the Knightsbridge an offering memorandum and subscription documentation (“offering materials”). In the case of any inconsistency between the information on this website and any such offering materials, the offering materials shall control. Securities shall not be offered or sold in any jurisdiction in which such offer or sale would be unlawful unless the requirements of the applicable laws of such jurisdiction have been satisfied. Any decision to invest in securities must be based solely upon the information set forth in the applicable offering materials, which should be read carefully by qualified investors prior to investing. An investment with Knightsbridge is not suitable or desirable for all investors; investors may lose all or a portion of the capital invested. Investors may be required to bear the financial risks of an investment for an indefinite period of time. Qualified investors are urged to consult with their own legal, financial and tax advisors before making any investment. Knightsbridge is a private investment firm that offers investment services to Qualified Investors, Members and Institutions ONLY. Qualified Investors are defined as individuals who have met those Qualifications in the relevant jurisdictions. Members are defined as individuals who have been accepted into the Knightsbridge membership program. Institutions are defined as entities such as banks, pension funds, and hedge funds. If you are not a Qualified Investor, Member or Institution, you are not eligible to invest with Knightsbridge. All investments involve risk, and there is no guarantee of profit. You may lose some or all of your investment. Past performance is not indicative of future results. Knightsbridge is not a registered investment advisor, and this disclaimer should not be construed as investment advice. Please consult with a qualified financial advisor before making any investment decisions. By accessing this website, you agree to the terms of this disclaimer. Thank you for your interest in Knightsbridge.