Singapore investors less gung ho on stock market
Published on Jan 21, 2014 5:58 PM
RETAIL investors have dialed down their expectations for the local stock market, after last year's flat performance and as the United States reduces its massive money-printing programme.
About 55 per cent expected the benchmark Straits Times Index (STI) to rise over the next six months, said a JP Morgan Asset Management study conducted in November and December.
While the proportion was still more than half, it was a fall from the 62 per cent of investors who were upbeat about the index when the survey was previously conducted last June.
The market's recent performance could be a reason. The STI was all set to end last year in negative territory, and finished flat only after heroic increases in December.
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