Treading with caution

If consumer sentiment improves next year, one of the sectors that stand to benefit the most is the automotive sector. This is backed by the sales and services tax holiday, which will go on until the first half of next year, coupled with the many new car models that are scheduled to be rolled out.

STOCK market performance in 2022 will mainly hinge on sustained economic recovery and how well this pans out.

With Covid-19 still remaining a concern going into the new year, expectations are that recovery, which has been uneven this year, may continue to result in downside risk for equities.