THERE was a large increase in the number of retail investors losing money on stock markets during the start of the lockdown. The pandemic has seen the number of new stock market accounts being opened by Irish small investors more than doubling. There has also been a sharp rise in daily trades, the Central Bank has revealed. All firms reported an increase in the percentage of retail clients losing money in the period, the Central Bank said. Director of consumer protection in the Central Bank Gráinne McEvoy warned retail investors to be careful when taking investment decisions, particularly during periods of increased volatility.

Source: Irish Independent March 29, 2021 13:35 UTC