NewsBite

Retail traders are retreating from the ASX

Jonathan Shapiro
Jonathan ShapiroSenior reporter
Updated

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

The army of day traders that stormed the Australian sharemarket during the pandemic is showing signs of fatigue, but could mount a comeback in 2024 if the Reserve Bank starts cutting interest rates.

Morgan Stanley’s equity strategists, who have closely tracked the activity of retail trading, said December’s data revealed a further decline in the share of market trading volumes accounted for retail traders, also known as day traders.

Loading...
Jonathan Shapiro writes about banking and finance, specialising in hedge funds, corporate debt, private equity and investment banking. He is based in Sydney. Connect with Jonathan on Twitter. Email Jonathan at jonathan.shapiro@afr.com

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

Read More

Latest In Equity markets

Fetching latest articles

Most Viewed In Markets

    Original URL: https://www.afr.com/markets/equity-markets/retail-traders-are-retreating-from-the-asx-20240122-p5ez3k