BANGKOK, June 10 (Xinhua) -- Thailand's stock investor confidence continued to improve in May, driven by the government's stimulus measures, local economic recovery, and fund inflow, a survey showed on Tuesday.
The investor confidence index, which predicts market conditions over the next three months, stood at 110.36 last month, jumping up from 64.10 in April to the "neutral" zone, according to the Federation of Thai Capital Market Organizations (FETCO).
Investor morale increased in most categories, with foreign investors up 125 percent, retail investors up 38.5 percent, and proprietary investors up 25 percent, while institutional investors were down 15.9 percent, the FETCO said in a statement.
The Thai capital market experienced volatility in May, driven by internal and external factors. The relaxing of U.S. trade restrictions helped ease tensions, despite slower-than-expected local economic growth dampening sentiment, said FETCO Chairman Kobsak Pootrakool.
Kobsak noted that external factors such as economic slowdown due to global trade tensions and local political instability, which could weaken investor confidence and impede the government's economic policies, should be closely watched. ■
