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Retail investors awakened by Covid-19 slump

Wider variety of investors with sharply different perceptions and tolerance for risk could be beneficial for the market

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Retail investors have been big net buyers of local blue chip stocks since the market hit its March lows in the face of the Covid-19 pandemic.

THEIR absence is lamented. Yet, their presence elicits bewilderment, worry and even ridicule from market commentators.

They are referred to as retail investors, or mom-and-pop investors. But the context in which these terms are used often leaves no doubt as to the underlying pejorative...

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