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Stuttgart (dpa / lsw) - The turbulent stock market year 2020 gave the Stuttgart stock exchange the strongest turnover in a long time.
The trading center is expected to have around 111.4 billion euros, as stock exchange boss Michael Völter announced on Wednesday.
This means that sales across the various asset classes are around 63 percent above the previous year's level and have reached their highest level since 2008.
"The Germans discovered the securities for themselves in the corona crisis."
The Dax has risen by around 4 percent since the beginning of the year.
The last boost to the record gave the Dax the Brexit deal and the US economic stimulus package after Christmas.
Völter pointed out that there were ups and downs in the courses in the year of the corona pandemic.
The rude awakening came on Rose Monday, February 24th.
Instead of exuberant carnival joy, there was suddenly an alarm mood on the stock exchange: The rapid spread of the virus in countries outside of China tore the Dax down.
The steep descent did not end until a good three weeks later, on March 16, at 8255 points.
Only voluminous injections of money from central banks and governments for the economy suffering from lockdowns brought an exceptionally quick turnaround.
The Stuttgart stock exchange specializes in private investors.
Trading in cryptocurrencies, for example, is becoming increasingly popular.
In 2020, digital currencies with a volume of around 1.3 billion euros were traded via the specially developed app called Bison.
There are now around 216,000 active users, Völter said.
The oldest user is 92 years old.
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