PUBLISHED : 11 Apr 2024 at 08: 41
An investor monitors stock indexes at a securities brokerage in Bangkok. At the end of March, the Thai index closed at 1,377.94, up 0.5% from a month earlier. (Photo: Pornprom Satrabhaya)
The Federation of Thai Capital Market Organizations’ (Fetco) Investor Confidence Index (ICI) remained in the neutral zone in March as the market expects more economic stimulus, while fund outflows continued and delays to the US Federal Reserve’s interest rate cuts undermined sentiment.
Fetco chairman Kobsak Pootrakool said the ICI for March, which anticipates market conditions for the next three months, was at 106.91, barely changed from February.
Investors are hopeful that the government’s stimulus package and a local economic recovery can lead to fund inflows, said Mr Kobsak.
The Fed has been keeping the US policy r
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