In the third quarter of 2009, Singapore investor sentiment continued to see recovery.
Across Asia, the highest increase in investor sentiment was seen in the Singapore ING Investment Dashboard Sentiment Index. From Q2, the figure jumped 24 percent within the three months to September.
In Q3 from the last quarter, the general sentiment index in pan-Asia (former-Japan) increased 8.3 percent.
The survey conducted by ING indicated the high confidence of most investors in the improvement of the local economy and the movement of global economy towards recovery.
Based on the results, around two-thirds of the respondents showed optimism about the status of the US. They are also hopeful that one year from now, Singapore will be able to pull out of the downturn. Likewise, it also showed the upbeat attitude of Singapore investors regarding the stock market for Q4.
According to most of the respondents, they are at the moment invested in sectors that are certain to profit from the global economy’s recovery. These sectors include the technology, telecommunications, commodities and financial services sectors.
As for the property sector, investors remain to be comparatively optimistic and anticipate a slight increase in the prices of real estate in Q4.