Retail investors more bullish on PSE stocks

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Stock market investors are turning more bullish and the majority still plan to increase their holdings as prices rallied to a nine-month high, a new survey conducted by the country’s biggest online stockbrokerage firm showed. | miguelrcamusINQ /PDI

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“It goes to show how strong the market is and the good news is there are compelling reasons why our market is up,” April Lynn Tan, chief equity strategist of COL Financial, said during a briefing on Friday. Similar surveys from COL Financial in the first half of 2022 and 2021 showed majority bullish views of 65 percent and 53 percent, respectively, before falling sharply in the latter part of those years.

 

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