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Title
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The impact of COVID-19 on Belgian individual investors’ trading behaviour
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Author
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Abstract
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| This article examines the financial behaviour of Belgian individual investors during the COVID-19 confi nement. Using the MiFIR database of the Financial Services and Markets Authority (FSMA), this article shows that most individuals applied a contrarian strategy to buy shares when stock prices fell. Investors between 18 and 35 years of age and those who are less experienced increased their share positions compared to other age and experience categories. Men seemed to dominate equity markets in Belgium, even during the COVID-19 confi nement period, and they increased their share positions more compared to women. The patterns documented in this article are robust for the stocks that are part of the main Belgian equity index (i.e. Bel 20), for all listed shares being a constituent of the Bel All Shares Index, and for small caps having a market capitalization of less than EUR 940 million. |
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Language
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English
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Source (journal)
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Bank- en financiewezen. - Bruxelles, 2003, currens
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Publication
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Bruxelles
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2021
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ISSN
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2033-7825
[print]
2566-154X
[online]
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Volume/pages
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1
(2021)
, p. 2-9
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