Home News Markets

76% of global retail investors looking to buy on dips in moomoo’s 2023 global user survey report

Felicia Tan
Felicia Tan2/20/2023 02:04 PM GMT+08  • 2 min read
76% of global retail investors looking to buy on dips in moomoo’s 2023 global user survey report
The technology and energy sector as well as the materials sector were seen as growth areas by Singapore retail investors, says moomoo. Photo: Bloomberg
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

A 2023 global user survey report by moomoo revealed that approximately 76% of the digital brokerage’s global retail investors across Singapore, the US and Australia are looking to buy on dips to position themselves for the next upward cycle.

About 84% of the digital brokerage’s global retail investors are also looking to allocate more funds to their trading accounts, says moomoo. This is even as global growth is expected to slow to 2.9%, according to the World Economic Outlook by the International Monetary Fund (IMF).

In Singapore, moomoo’s 2023 retail investment outlook noted that while 91% of their retail investors are anticipating a recession in the next 12 months, 60% of them are optimistic that they will be able to meet their investing goals for 2023. According to moomoo, this indicates that majority of their retail investors are looking to invest for the long term.

The survey in Singapore was conducted among 1,605 Singapore retail investors and surveyed their investing strategies and preferences.

“The findings from our 2023 investment outlook show that investors are displaying grit and confidence in riding out short-term economic impacts. Investors can now take a more measured approach to weathering the impact of an economic storm, thanks to the wealth of investing information that are readily available even through our super app, investors’ moo community hub and in-app learning courses,” says Gavin Chia, managing director of moomoo Singapore.

Among moomoo’s investors, 40% of them say that the current inflation is “manageable” and does not pose a huge problem. However, only 2% of moomoo’s investors say that inflation is “not a concern”.

See also: SGX total securities market down by 25.3% y-o-y to $22.1 bil in February

Another 23% shared that inflation will pose a “huge problem”.

Tech, energy, and materials sectors seen as areas of growth

In the survey, 29% of Singapore retail investors see the technology and energy sector as one of the areas positioned for growth while 24% of Singaporean investors see the materials sector as another growth area.

Meanwhile, 56% of retail investors in Singapore are not expecting to see the meme stocks-craze making a comeback this year. This sentiment indicates investors’ confidence in companies with strong corporate footprints and a preference for innovations over social media trends, says moomoo.

Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.