Almost three-quarters of the trading ideas sent by institutional brokers to their clients last week assumed that the equity rally will continue, although the improved market conditions are also encouraging some investors with large equity stakes to take profits.

According to the trade idea service managed by youDevise, the proportion of "long" ideas sent by brokers to their clients rose from 58% two weeks ago to 74% last week, while "short" recommendations, which are based on the assumption that the securities will fall in value, dropped from 42% to 26%.