Despite the financial markets being global there are often interesting patterns when it comes to individual markets or when you look at how local traders view overseas markets. Earlier this week Capital Spreads reported their clients were buying US tech shares, pretty flat on US blue chip equities and selling the FTSE.
Another interesting view is how Paddy Power’s new spread betting arm, paddypowertrader has seen increasing action in the Irish markets.
Traditionally spread betting has had a heavy bias towards to the UK markets but with a large Irish client base and despite considerable volatility in the international markets paddypowertrader says that retail investors are piling into Irish equities.
Spread Betting Tip
They’re going with that classic spread betting tip: “trade what you know”.
“We are watching more and more customers putting their money into Irish equities in a select number of industries or sectors. The aviation and banking sectors are among the most popular with savvy spread bettors.” said Davin McAnaney of paddypowertrader.
“Retail investors have been taking advantage of fast-moving international markets and delving into financial spread betting. Since January we have seen an upsurge in subscriptions and can see further interest in Irish equities as market uncertainty continues. At this point in the marketplace, our customers are trading what they know best.” McAnaney enthused.
Among the most popular trades on the financial spread betting platform are long and short bets on Irish banking stocks such as AIB, Bank of Ireland and Anglo Irish Bank. Ryanair is another popular trading choice amongst the spread betting community proving that the financial spread bettors are still the wind beneath the wings of the Irish airline.
The product continues to grow in popularity in the UK and Ireland, amongst not only financial industry professionals, but also amongst those with an interest in the stock market.
Current Spread Betting Prices – Daily Markets
AIB: €13.38 – €13.46
Bank of Ireland: €9.06 - €9.10
Anglo Irish Bank: €8.35 - €8.41
Ryanair: €2.75 – €2.77
(Prices quoted as of 1pm, 18-Apr-08).
Irish Trading Charts
paddypowertrader also offers charts so you can examine market performance:
Important Note:
Spread bets carry a high level of risk so you should only speculate with money you can afford to lose. Stop-losses are automatically allocated with each bet you make. All stops are not guaranteed. You can lose more than your initial deposit and stake. Before you open an account, please ensure you familiarise yourself with the risks involved and if necessary seek independent advice.
'Spread Trading Irish Shares' by paddypowertrader, updated 18-Apr-08
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Risk Warning: Spread betting carries a high level of risk to your capital and you may lose more than your initial investment. It may not be suitable for all investors. Only speculate with money that you can afford to lose. Please ensure you fully understand the risks involved and seek independent financial advice where necessary.
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