Trading volumes last month on AIM were up marginally on a year ago, but below the year’s average, according to Allenby Capital’s analysis of the junior market.
Probably a more meaningful assessment of trading activity, according to Allenby, is the most liquid stocks on a relative basis.
AIM stocks traded on average just under 3% of their market capitalisation in August, up from 2.88% a year earlier, but below the 3.22% average for the rest of the year.
That said, demand for growth stocks has been steadily building since it hit its nadir at the end of 2012.
At that point average number of daily bargains was just under 14,000. Last month, the figure was just under 23,000.
“A combination of factors appears to have increased retail appetite for investing in AIM over the past few years,” said Allenby’s Matt Butlin.
“The improvement in the UK and indeed the global economy and the increased appetite amongst retail investors for direct equity investment have been of significance.”