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6 in 10 Singaporean retail investors plan to trade more in 2023

They plan to use the "buy the dip" strategy this year.

Given the bear market, 66% of Singaporean retail investors said they plan to trade more in 2023 for better gains and returns.

In doing so, most investors (77%) plan to use the  "buy the dip" strategy.

Amongst sectors, retail investors believe technology (29%) and energy and materials (24%) are areas positioned for growth this year.

Investors likewise expect stocks in these sectors to "outperform market expectations." 

"This sentiment reflects the global trends in Environmental, Social and Governance, with core investing themes focusing on net-zero emissions, inclusion, as well as data scarcity," said Moomoo SG, who conducted the survey.

Last year, the top five traded stocks by Singaporean retail investors were Futu Holdings (Nasdaq: FUTU), HSBC Holdings (0005. HK), Singapore Airlines (C6L.SG), Pro Shares Ultra Short (Nasdaq: SQQQ), and Pinduoduo US (Nasdaq: PDD).

Meanwhile, more than half of investors (56%) also believe that the meme stocks-craze will no longer make a comeback in 2023.

"This sentiment indicates investors’ confidence in companies with strong corporate footprints and a preference for innovations over social media trends," Moomoo SG commented.

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