COVID-19: Germany’s Stock Trading Boom in One Chart
COVID-19 Has Elevated German Retail Stock Trading to Completely New Levels
Below chart shows retail stock trading activity during the COVID-19 crisis at leading German online bank comdirect:
- Ø trading activity 2020 to date of 29.2 is more than 2x the long term Ø of 13.5
- Trading activity peaked in March at 41.7 roughly 2x the previous record high of 21.3
- Trading activity has remained substantially above previous highs in each month since then
Trading activity is measured in executed orders per trading account per month annualised
Farewell Dear Data Set :(
This post also serves as a farewell to comdirect’s monthly trading update, which has been a dear friend and valuable indicator of retail trading sentiment in the past. Due to the merger with Commerzbank the data set has, at least temporarily, been suspended/abandoned. We hope to see him again one day!
