Private wealth on stock market could focus on international cash equities

Private banking and wealth management firms have been told of a drop in activity in certain areas of the London Stock Exchange Group.

Average daily value traded last month across its equity markets stood at £7.7 billion, a two per cent rise on last year.

However, the average number of trades every day represented a 24 per cent drop when compared to the previous April, standing at 802,118.

Private wealth invested in stock could go further for international cash equities. Total value traded rose by 63 per cent on April 2009, while the average value traded shot up by the same amount year on year.

In comparison, the typical daily value traded for UK cash equities dropped by eight per cent year on year to stand at £4.1 billion.

Using private wealth for international trading could prove beneficial. The London Stock Exchange Group recently welcomed Indian organisation Essar Energy to its Main Market and revealed it hoped more high-profile firms from this country would join it.ADNFCR-2318-ID-19769813-ADNFCR