Citizens grope for way out in ravaged Irish economy

Improved retail investor participation, coupled with high volatility in the market, has led to a 115 per cent jump in equity market volumes in the February to September period

Improved retail investor participation, coupled with high volatility in the market, has led to a 115 per cent jump in equity market volumes in the February to September period. This has also resulted in improved revenue for brokerages, say market players.

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Equity market volumes rose from Rs 917 crore in February 2009 to a peak of Rs 2,192 crore in June 2009 and then to about Rs1,980 crore in September 2009. “Since March, markets have been trading up with return of FIIs and retail investors all returning to the market,” said Hitesh Agrawal, Head of research at Angel Broking.

“The resultant change in domestic investor sentiment has the steam to sustain the activity in the market,” said CJ George, MD, Geojit BNP Paribas Financial Services Ltd.