Sharesies members looking bullish again

After an all time low in March (and news that Sharesies would have to cut jobs in the face of the coming recession) member confidence levels are now at their highest since September 2022 according to the Sharesies Investor Index.

In the past three months depositing and investing activity has become more bullish and sentiment is currently more optimistic, Sharesies reports.

Q2 saw a steady increase in the total value of buys and sells with an average net buy/sell ratio of 1.07. While the difference between buying and selling values were fairly constant, there was a steady increase in the total value of both buys and sells resulting in June being the second highest trading month since Sharesies launched in 2016.

The net deposit ratio, which measured the flow of funds in and out of Sharesies investment and savings products, saw a strong up-tick from mid-May. In the first week of June there was a deposit of $2.60 for every dollar withdrawn giving a year to date high ratio of 2.6. This was driven by an increase in deposits towards investing but also the launch of the Sharesies Save product.