(ANSA) – MILAN, JUL 30 – During the first lockdown, triggered in 2020, the interest of small Italian savers for the stock market grew significantly, with 185,000 new retail investors appearing in Piazza for the first time Businesses, where they have been “net buyers”, that is, they have accumulated stocks, taking advantage of the generalized decline in prices. This is revealed by a study by Consob in collaboration with the Normale di Pisa entitled ‘The evolution of the composition of retail trading on the Italian stock market following the restrictions imposed by the Covid pandemic’.
“The results show that the restrictions linked to the lockdowns have been accompanied by a general increase in interest in the Italian stock market, as evidenced by the volume of trading of individual investors”, explains the summary of the work. “Given the general decline in prices during the tightening periods, retail investors, typically contrarians (sellers when the market falls and vice versa, ed), were net buyers, even if for individual individual average values lower than the individual average recorded in the course of 2019 “.
According to the study – which analyzes the trading activity in Italian shares in the period January 2019-September 2021 – during the lockdown a group of about 185,000 investors who had never traded on the stock market entered the stock market. The comparison with active investors before the pandemic shows that the ‘new investors’ are on average ten years younger, with a higher incidence of males than the population of pre-lockdown investors and, finally, more able to make a profit.
Finally, the research highlights how “the lockdown periods, and more generally the Covid pandemic, have led to a change in the population of retail investors on the Italian stock market, with an increase in the share that these investors have on the market”. (HANDLE).
Source: Ansa
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