Confidence remains stuck in neutral until SeptemberInvestor confidence for the three months to September remains in neutral territory as concerns over second-quarter earnings at listed companies offset hopes of an economic recovery. The investor confidence index (ICI) in June rose by 4% to 101.19 from May's 96.93, according to the monthly survey by the Federation of Thai Capital Market Organisations (Fetco). An index below 80 points is considered bearish, 80-120 is neutral and over 120 is bullish. Foreign investor ICI climbed into bullish territory at 125, while the confidence gauge among proprietary traders rose into the neutral zone at 100. Confidence among local institutional investors dropped slightly but remained neutral at 100, while the retail investor ICI fell into bearish territory at 71.79.

Source: Bangkok Post July 07, 2020 23:26 UTC