Let 2025 be a Year of Gains!

As we stand at the cusp of 2025, it is imperative to take a moment to reflect on the patterns and paradoxes that defined 2024 and chart a thoughtful course for the year ahead. The stock market, as always, mirrored the complex interplay between greed (risk-taking) and fear (risk-aversion)—two forces that shape short-term performance and set the tone for market sentiment. In times of risk aversion, themes like Large-Cap, defensive, value and dividend-yielding stocks typically take centre-stage. Such periods are often characterised by narrow market breadth, subdued capital-raising activities and low volatility.