Low trading volumes in Amsterdam

Friday 26 June 2009

Trading volumes on the Amsterdam stock exchange are currently down around 30% on a year ago, the Financieele Dagblad reports.

In terms of money, turnover is down from between €2.5bn and €3bn a day to '€1bn if we are lucky', Theodoor Gilissen trader André Sirks told the paper.

Low volumes are largely due to the stream of negative news about the economy, the paper says. In particular big institutional players, which account for some 90% of daily trading, are playing a waiting game.

Online broker Alex says its volumes are holding up well. 'The private investor has not left the stock exchange... and new customers are still finding their way to us,' said spokesman Marcel Kalse.

© DutchNews.nl

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