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Private Investors Continue To Return To UK Market

by Philip Morton, Investors Offshore.com

10 November 2003


The Association of Private Client Investment Managers and Stockbrokers (APCIMS) announced on Wednesday that private investors are continuing to return to the market in the United Kingdom, and that online share trading increased in popularity to almost record levels over the summer.

Unveiling the results of the ComPeer quarterly survey of private client activity for the July-September 2003 period at the Association's annual conference in London, APCIMS chief executive, Angela Knight revealed that private client trading volumes in the UK had risen by 15.4% on Q2, with the value of the shares traded during the period also rising by 14.3%.

She also announced that there were 850,000 online trades between July and September (up 19% on the previous quarter and the largest number since the height of the technology boom in 2000), and that online trading accounted for more than one third of all execution only trades during the period in question.

Ms Knight concluded by observing that:

"Where stockbrokers and investment managers have full discretion on whether to buy and sell shares for their clients, they are buying more often than they are selling. This is a major vote of confidence in the market and a welcome indicator that the fallout from the technology boom-and-bust of three years ago has finally dissipated."


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