Investors look for opportunities in technology sector

Following Twitter’s recent floatation on the New York Stock Exchange, the latest research from the UK’s largest execution only stockbroker reveals its clients’ appetite for investing in technology stocks.
 
The Barclays Stockbrokers poll, which ran between 11th November and 25th November 2013, asked investors for their current view of the technology sector. The results showed nearly three quarters (72%) of respondents are interested in the sector for investment opportunities. This includes a third (30%) who said that technology stocks are already part of their portfolio and 13% who have either recently invested, or increased their holdings in the sector. An additional 29% said they are interested in investing in technology stocks, but that they are not currently part of their portfolio.
 
Separately, just over a quarter (28%) of respondents said technology stocks do not interest them at the moment
 
Alastair Thaw, Head of Client Engagement and Proposition at Barclays Stockbrokers, said: “The appetite of clients currently either investing in or considering investment in the technology sector is strong. As technology companies continue to launch new smartphone and tablet devices, those investing in the sector will no doubt be monitoring it closely to identify interesting opportunities.”
 
Additional analysis from Barclays Stockbrokers highlights clients’ appetite for investing in the technology sector during Twitter’s IPO. On 7th November, the day of its stock market debut, Barclays Stockbrokers’ International Trader platform’s overall trading volumes were up by 79% compared to the previous day, making it the single busiest trading day on the platform of 2013. Twitter accounted for over a third (34%) of all trades placed on Barclays Stockbrokers’ International Trader platform that day.