ICI for Thai stocks hits record highThe Investor Confidence Index (ICI) for stocks over the next three months surged to a record high, spurred by strong prospects of a tourism rebound after the country's reopening and progress in vaccine rollouts that will attract foreign fund inflows to the Thai stock market next year. The Thai stock market has risen by only about 3% since the country's reopening on Nov 1, so the bourse still has plenty of room for upsides. "With these prospects, we still expect the SET Index to reach 1,800 points next year", said Mr Paiboon. He said if everything goes as planned, GDP will rise to 3.5% next year, assuming the number of foreign tourists will reach 10 million. If the number of tourists exceeds 10 million, GDP may reach 4% and attract more funds into the Thai bourse.
