Markets: Apathy shows in low turnover

Even earnings season was not enough to boost wafer-thin trading volumes, which could reflect investors’ fear of an imminent correction.

Towards the end of August, Evan Lucas, a market strategist at IG Markets, warned there is a real possibility of a correction. Muted volumes during the month of August may reflect investors’ fear this could be an imminent reality.

A better than expected reporting season wasn’t enough to haul volume traded on the ASX 200 in August above the three-month average, confirming just how indecisive investors are. In fact, August volumes were the lowest since 2006.

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