BANGKOK, Dec. 11 (Xinhua) -- Thailand's stock investor confidence weakened in November as international conflicts, a local economic slowdown and inflation weighed on sentiment, a survey showed on Wednesday.
The investor confidence index, which predicts market conditions over the next three months, stood at 118.28 last month, declining from 160.66 in October and dipping to the "neutral" zone, according to the Federation of Thai Capital Market Organizations (FETCO).
Investor morale across all categories declined, with retail investors down 26.8 percent, proprietary investors down 40 percent, institutional investors down 15.6 percent and foreign investors down 25.9 percent, the FETCO said in a statement.
Confidence of retail, proprietary and institutional investors dropped to the "neutral" zone, while that of foreign investors remained in the "bullish" zone as the government's economic stimulus measures, tourism recovery and optimism about easing international conflicts were supportive factors.
The FETCO noted that tourism, additional government stimulus programs and debt relief plans are expected to accelerate the pace of economic recovery, while an expected buying spree in tax-saving funds would also shape the sentiment going forward. ■
