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EDITIONS
Monday, 23 September, 2002, 09:37 GMT 10:37 UK
Investors 'still committed to shares'
Stock markets
Private investors are unfazed by plunging share prices
Recent stock market weakness has done little to dent investors' confidence in shares, a survey has said.


Private investors are keeping their heads down and riding out this particular storm

ProShare chief executive Diane Hay
Three quarters of investors surveyed by shareholders' lobby group ProShare said they were still committed to holding stocks over the long term.

Just 21% of respondents said the stock market's recent slump would make them more cautious about investing in equities in the future.

The main global stock markets have been in steady decline for two years, with the UK's benchmark FTSE 100 share index down more than 40% from its September 1999 peak.

Have your say

Enron effect

However, the recent wave of corporate accounting scandals has shaken investors' faith in financial statements, with 62% of respondents saying they have become less trusting of company reports and accounts.

"Private investors are keeping their heads down and riding out this particular storm," said ProShare chief executive Diane Hay.

"The current challenge is for companies to rebuild the confidence and trust of investors that events such as Enron and Worldcom have so comprehensively damaged."

Revelations earlier this year that Enron and Worldcom had misrepresented their true financial position spread doubt over the reliability of all corporate accounts, and led to a sharp sell-off in stock markets worldwide.


Are you still optimistic about share investment? Or has your faith in the stock market been shattered?

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Analysis

IN DEPTH
The Markets: 9:29 UK
FTSE 100 5760.40 -151.7
Dow Jones 11380.99 -119.7
Nasdaq 2243.78 -28.9
FTSE delayed by 15 mins, Dow and Nasdaq by 20 mins
Launch marketwatch
View market data
See also:

23 Sep 02 | Business
20 Sep 02 | Business
17 Sep 02 | Business
17 Sep 02 | Business
09 Sep 02 | Business
11 Sep 02 | Business
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