Posted On: 08/16/2012 6:55:38 AM
Post# of 102771
Trading volume drop can’t just be blamed on summer
The month’s volume is on track for the lowest August since 2006
SAN FRANCISCO (MarketWatch) — Trading in the stock market has slowed to a somnolent pace, even after accounting for all the traders and hedge fund managers escaping to their vacation homes in the Hamptons.
Get used to it. Volumes could bump along at below-average levels for another three weeks, as investors hang on to recent gains and avoid making big moves before what’s seen as the next catalysts -- upcoming Federal Reserve and European Central Bank events.
On Wednesday, the volume of shares listed on NYSE Euronext’s (NYSE:NYX) New York Stock Exchange totaled a paltry 2.64 billion, the fourth straight day with less than 3 billion shares changing hands and roughly 29% below this year’s average volume.The month’s average of 3.3 billion has dropped more than 40% from last August’s daily average.
The month’s volume is on track for the lowest August since 2006
SAN FRANCISCO (MarketWatch) — Trading in the stock market has slowed to a somnolent pace, even after accounting for all the traders and hedge fund managers escaping to their vacation homes in the Hamptons.
Get used to it. Volumes could bump along at below-average levels for another three weeks, as investors hang on to recent gains and avoid making big moves before what’s seen as the next catalysts -- upcoming Federal Reserve and European Central Bank events.
On Wednesday, the volume of shares listed on NYSE Euronext’s (NYSE:NYX) New York Stock Exchange totaled a paltry 2.64 billion, the fourth straight day with less than 3 billion shares changing hands and roughly 29% below this year’s average volume.The month’s average of 3.3 billion has dropped more than 40% from last August’s daily average.
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