• The Share Centre saw its busiest day of dealing commission ever
• The retail stockbroker experienced a 204% uplift in typical trading
• Top stocks bought included Lloyds and GlaxoSmithKline
This week, The Share Centre saw its busiest day of dealing commission ever. Figures from the leading retail stockbroker show a 204% uplift in typical trading volumes on Monday, with 42% of those trades being FTSE 100 listed stocks. This is approximately triple the amount of usual trading activity.
The most popular traded stock on the day included Lloyds banking, GlaxoSmithKline, BP and Royal Dutch Shell B. Within trades made on the day, 45% were buys and 55% were sells. These figures show that private investors may be using this time of market volatility as a cheaper entry point into some of the bigger listed companies.
The Share Centre also saw that 20% of stocks bought on the day were from the AIM market, revealing that investors are still keen to benefit from the strong growth potential available from smaller market cap companies.
Graham Spooner, investment research analyst at The Share Centre comments:
“These figures show that our customers may be using this time of market volatility as a cheaper entry point into some of the bigger listed companies. Short term investors appear to be taking advantage of this volatility and will be hoping to benefit from any recovery in markets.”