Singapore investors less gung ho on stock market
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.