Better than expected on the Nordic stock exchanges
In April, 1,850,719 trades were made in stocks, warrants and options among Nordnet’s customers in Sweden, Norway, Denmark and Finland. That corresponds to 105,755 trades on average per day. The total number of transactions is lower in April than the record month March 2017. However, the number of trading days in April was fewer than in March, which results in that the average number of trades per day is 5 percent higher than the previous month.
- The first quarterly reports were in general better than expected and the positive sentiment as well as the high activity among the savers continues. April was a good month for all the Nordic markets, which increased with 1-6 percent. Since the Brexit election in June last year, the Swedish stock exchange has had positive development ten months in a row, despite the downturns in the large corporations H&M and Ericsson. In addition, the Danish pharmaceutical company Novo Nordisk has had a tough month, but in spite of that, the Danish stock exchange was strong and the OMXC20 index increased with 5.8 percent during April, says Håkan Nyberg.
Table: Nordnet’s total trades on all exchanges and market places for all customers, and average number of trades per day. Average number of trades per day is calculated as total trades divided by the number of days the Swedish exchanges are open.
|2017||2016||one year||2017||one month|
|Number of trades|
|Sweden||999 973||971 969||2,9%||1 232 295||-18,9%|
|Norway||239 358||258 009||-7,2%||369 170||-35,2%|
|Denmark||274 968||310 169||-11,3%||356 557||-22,9%|
|Finland||336 420||300 840||11,8%||351 777||-4,4%|
|Total||1 850 719||1 840 987||0,5%||2 309 799||-19,9%|
|Average per day||105 755||87 666||20,6%||100 426||5,3%|
|Traded value cash market (SEK million)*||56 163||64 744||-13,3%||69 119||-18,7%|
* Cash market relates to trades in stocks, warrants, ETFs and certificate.
See CEO Håkan Nyberg and Head of Communications Johan Tidestad comment the monthly statistics tomorrow on Wednesday May 3 at 14:00 CET on Twitter/Periscope. Link from Twitter @Nordnet.
For more information, please contact:
Håkan Nyberg, CEO Nordnet
email@example.com, +46 703 970 904
Johan Tidestad, Head of Communications
firstname.lastname@example.org, +46 708 875 775
Nordnet is a bank for investments and savings with business in Sweden, Denmark, Finland and Norway. The idea behind Nordnet is to give customers control of their money, and the goal is to become the no. 1 choice for investments and savings in the Nordics. Visit us at www.nordnetab.com, www.nordnet.se, www.nordnet.no, www.nordnet.dk or www.nordnet.fi.