Trump victory: what British investors bought and sold in the first hours of trading

November 9, 2016 | 6years | NEWS AND INTEREST

Private investors rushed to log on to their broker accounts in the first hours of Wednesday trading, but those who hoped for bargains on a post-Brexit scale were disappointed.

Activity was "unusually high" but "not frenetic", brokers said.

At AJ Bell, the trading platform, transaction volumes were three times their average in the first hour of trading. Following Brexit, the firm had experienced trading volumes five times higher than usual.

At TD Direct Investing volumes were four times average levels - again some way behind the firm's experience on June 24, the day after the EU referendum.

Barclays Stockbrokers said volumes had doubled, with two thirds of trades being purchases.

As with post-Brexit trading, however, private investors were generally contrarian: buying into the biggest fallers and taking profits in those sectors - gold-related stocks in particular - that showed dramatic early gains.

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