The Federation of Thai Capital Market Organizations (FETCO) forecasts that foreign capital inflows in the next 6 months will drive up Thai stocks.
Paiboon Nalinthrangkurn, head of FETCO, said Thai stocks will move in the range of 1,450 and 1,500 points before this year ends and have high chances of rising above 1,500 points in the next 6 months, thanks to high tendencies of improved liquidity ratios of major economic powers like China, Japan, and European countries.
Another contributing factor to the expected increase in Thai stocks, according to Paiboon, is the infrastructure spending by the Thai government.
Speaking of a recent survey conducted by FETCO, he said the Investor Confidence Index over the next 12 weeks will stand at 100.12, representing a 1.34% drop from the previous figure which stood at 101.48.
On the contrary, confidence among companies listed on the Stock Exchange of Thailand (SET) hit 100.00, highest in 4 months.
