Usual Suspects Dominate June Stock Liquidity; Top 99 Stocks Account for Half of the Volume

A liquidity study from Abel/Noser on domestic stocks for June 2010 showed that the usual suspects led the average daily volume for the month, however liquidity was more concentrated toward fewer securities than in May.

For the third time in four months, the top traded symbols were SPDRs (NYSE: SPY), Apple Inc. (Nasdaq: AAPL), iShares Russell 2000 Index (NYSE: IWM) and PowerShares QQQ (Nasdaq: QQQQ).

The cumulative volume of the top twenty securities represented 28.94% of the domestic principal traded, up from 26.7% in May.

The top 99 ranked stocks accounted for half of the daily volume, in May it was the top 113 stocks. The top 978 stocks accounted for a full 90% of all the volume, up from the top 1,048 stocks in May.

SPDRs (NYSE: SPY) was number 1 on the list, accounting for 10.5% of the total domestic volume; Apple (Nasdaq: AAPL) was number 2 and accounted for 2.84%; iShares Russell 2000 Index (NYSE: IWM) was number 3 and accounted for 1.92%; PowerShares QQQ (Nasdaq: QQQQ) was number 4 and accounted for 1.71%.

BP (NYSE: BP), which was number 13 on the list May, ran up to number 5 in June due to the Gulf oil spill.

Citigroup (NYSE: C) was number 7 on the list at 0.97% in June, the same rank as May although the % of the daily volume fell from 1.26% in May.

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