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Online trading and shares: boom in Italy with the pandemic

According to Consob, the number of transactions in shares grew by a third between 2019 and 2021 – Interest in crypto-assets is also increasing – Participation in the markets is growing, but new investors are less competent than in the past

Online trading and shares: boom in Italy with the pandemic

In the years of the pandemic, interest in Italy has grown stock markets and online trading. He writes it there Consob in the VII Report 2021 on the investment choices of Italian families, underlining that last year the total number of stock transactions it stood at 41 billion, up by more than a third compared to 31 billion in 2019.

The 2021 figure is lower than that of 2020 (43 billion), but the comparison on an annual basis still shows a significant increase in the amount traded, with gross share purchases rising from $137 billion two years ago to $144 billion last year (up from $113 billion in 2019).

The situation for net purchases is different, which in 2021 were negative by 4,9 billion euro: the result is clearly lower than that of the previous year (+3,6 billion), but once again higher than that recorded in 2019 (-5,6 billion).

Furthermore, according to Consob, last year in our country interest in crypto-assets has increased, “as shown by the growth in the number of web searches for terms associated with them”.

In detail, “the crypto-assets market continues to expand compared to number of users and trade volume – continues the report – The assets subject to negotiation are characterized by a high heterogeneity, the result of a continuous process of financial innovation, and by strong price volatility”.

In general, the Commission still writes, continues to increase participation in financial markets: in 2021 the share of investors is equal to 34% of financial decision-makers compared to 30% in 2019. The most widespread activities remain certificates of deposit and postal savings bonds (owned by 43% of households), followed by Italian government bonds (25%) and come on Mutual funds of investment (24%).

Last year, the share of investors who grew rely on a professional (28%, against 17% in 2019), but the percentage of decisions taken on the basis of "informal advice" is still much higher (37%).

Finally, "investors who entered the financial market in 2020 and 2021 - concludes the report - more frequently have a lower level of financial literacy and digital skills than those of longer-standing investors".

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