Traders Magazine
By NYSE
The boost in retail trading activity which began during pandemic lockdowns in spring 2020 continues today. This trend has impacted various market behaviors, including opening auctions. We have covered how NYSE Opening Auction liquidity has grown due to small order sizes. Below we examine auction volume interest by sector and highlight changing trends in order entry behavior.
Auction Interest by Sector
Opening auction interest has grown across nearly all sectors.
For NYSE-listed stocks in the Russell 1000 index, Health Care stocks have added about 50bps to the share of volume executed in the Opening Auction since Q4 2019.
Energy and Materials have also seen auction growth; the only sector without growth is Industrials with a de minimis decline.