Investors are becoming increasingly confident about prospects for the stockmarket, according to JPMorgan Fleming. Its investor confidence index rose to 92 in November from 78 in October, the highest it has been since March 2002. JPMF says twice as many investors are now positive about the stockmarket than are pessimistic.
Head of market research Peter Brewster says: “We have seen a sizeable decrease in the proportion of investors who are taking a neutral stance, with most of these shifting to a more positive position.
Private investors seem to be taking heart from the recovery in share prices since the low point in March this year.”