Wed, May 14, 2008 - Page 12 News List

Investor confidence rises: JPMorgan poll

By Joyce Huang  /  STAFF REPORTER

The nation's investor confidence index climbed 10.6 percent to a record high of 132.1 points this month, JPMorgan Asset Management Taiwan's (摩根富林明投顧) bi-monthly survey found yesterday.

Four of the survey's six sub-indices saw the biggest jump of between 9.7 percent and 18.4 percent.

These include the local economic prosperity index, which climbed to 130.3 points from 110 points in March, and the local stock index, which rose to 146.9 points from 133.9 in March.

upbeat

The survey showed that local sentiment appears to have turned more upbeat after the presidential election despite the global economic slowdown.

Respondents believed that job opportunities and property prices would rise in the next six months, with both rising more than 40 percent this month.

However, 97 percent of respondents were concerned about inflationary pressures as consumer prices surge with little likelihood of incomes rising in the next six months.

stock investment

Although the percentage of investors who lost money on the local stock market (40.8 percent) still outweighed those who made profits (38.2 percent), the gap narrowed to 2.6 percent this month, from 6.8 percent in March.

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