Bangkok: Mr. Kobsak Phutrakul, Chairman of the Federation of Thai Capital Market Organizations (FETCO), has reported that the October 2025 FETCO Investor Confidence Index (ICI) remains “hot” at 135.73 for the upcoming three months. Investors see government economic stimulus measures as the primary factor supporting confidence, followed by domestic economic recovery and the US Federal Reserve’s monetary policy. However, the Eurozone’s economic situation, domestic political challenges, and the baht’s volatility are the main concerns affecting investor confidence.
According to Thai News Agency, the October 2025 survey indicated varied changes in investor confidence across different groups. Individual investor confidence dropped by 4.9% to 124.30, securities company account confidence fell by 11.6% to 137.50, domestic institutional investor confidence decreased by 7.7% to 153.85, and foreign investor confidence declined by 16.0% to 140.00.
In October 2025, the SET Index exceeded 1,300 points, propelled by the performance of listed companies, especially in the banking sector, and government economic stimulus measures such as the “Half-Half Plus” program and tourism initiatives. These measures are expected to enhance cash flow within the Thai economy. Nevertheless, concerns persist regarding slowing global economic growth, particularly in Europe, international trade tensions, and uncertainty from the US government shutdown. The SET Index concluded October 2025 at 1,309.50, marking a 2.77% rise from the previous month, with an average daily trading volume of 39.473 billion baht. Foreign investors sold a net 4.496 billion baht, continuing a trend of net selling amounting to 100.739 billion baht since the start of 2025.
International developments to watch include the new trade policy negotiations between the United States and China, the resolution of the US government shutdown, the Eurozone economy’s recovery trend, and decreasing inflation rates in various countries, which may result in eased interest rate policies in developed nations. This could potentially lead to increased global liquidity flowing into Asian stock markets. Domestically, factors such as the potential for a Bank of Thailand interest rate cut, the slowing export sector, high household debt, the gradual recovery of the tourism sector, and the impacts of government economic stimulus measures are critical to monitor.