Investors looking forward to more happy days

Sunday 24 October 2004

Investors remain optimistic the good times will keep on rolling, with confidence in the September quarter remaining high, says the latest ASB Bank Investor Confidence Survey, released today.

By The Landlord

The survey showed confidence remained over a net 20 per cent for the second consecutive quarter, the first time it has stayed above the 20 per cent mark for more than one quarter.

Overall confidence remained unchanged from the previous quarter at 21 per cent.

The bank said in a commentary that confidence levels have passed the current net 21 per cent level only once in the past 10 years.

That was in the last quarter of 2003, when investor confidence peaked at a net 24 per cent.

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