Trading

Hargreaves Lansdown says investor confidence is low as trading volumes fall

'Investor confidence has been low with cost-of-living issues, rising interest rates and market volatility impacting deal volumes' the leading platform says

Wednesday 19 July 2023 at 06:29

New business flows have been 'moderated' across the market
New business flows have been 'moderated' across the market Photo: Igor Golovniov/Getty Images

Hargreaves Lansdown saw share dealing volumes fall 11% in the latest quarter, as the investment platform says cost-of-living issues, rising interest rates and market volatility are all weighing on confidence.

Average monthly dealing volumes at the FTSE 100-listed platform came in at 685,000 for the three months to 30 June, down from 770,000 in the previous quarter and 779,000 in the same quarter last year.