BANGKOK, 10 Dec 2013, Despite the House dissolution, the confidence index has not shown show signs of improvement, says Federation of Thai Capital Market Organisations (FETCO).
According to FETCO President, Paibul Nalintarangkul, the stock market did not show signs of improvement on Monday. He attributed the market slowdown to the ongoing social conflicts in the Thai society as well as the nation’s political uncertainty, all of which have led to relatively low investors’ confidence.
However, he believes that the stock market will likely perform better this week than it did last week, as the parliament dissolution has eased up political tensions to a certain degree. Mr. Paibul strongly suggests that a common set of acceptable election rules be formulated before the nation goes to the poll.
