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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

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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