Finnish Investors Snatched Up Tech Giant Shares in January

Finnish Investors Snatched Up Tech Giant Shares in January

According to Nordnet’s trading statistics, January was the most active month for Finnish investors making additional purchases since March of the previous year.

The net investment ratio was increased by approximately 180 million euros.

The overall euro exchange of the Helsinki stock exchange fell by 5.1 percent compared to January of the previous year. The total number of units sold on the stock exchange dropped by 18 percent from the same period last year. However, in January, the euro-denominated trade of the exchange grew by 8.8 percent from December 2023. Volume trading saw an increase of 13.5 percent from the previous month, with Nordnet having the largest share among brokers preferred by private investors, accounting for 12.3 percent of the trades.

Finnish investors were particularly attracted to shares of US technology giants.

“January marked the end of the period when private investors reduced their shareholdings, which had been observed in November-December. In January, Nordnet’s Finnish customers net purchased domestic shares for share savings accounts worth 37 million euros and for value share accounts worth 7 million euros. Foreign shares were also added nearly as much as domestic shares. Foreign net purchases were primarily targeted at shares from Nvidia, Microsoft, and Tesla,” says Nordnet Finland’s country manager, Suvi Tuppurainen.

“Additionally, the year kicked off with a record month for fund investments, including both traditional funds and ETFs. Private investors have become more active as the earnings season peaks and the dividend season approaches.”

The most bought shares by Finnish customers in value share accounts were Fortum, Nordea, and Kempower. The top selling shares were Nokia, Konecranes, and Qt Group.

Nordnet Finland’s 10 most bought shares in the equity account – January 2024

Company Net purchase value (EUR)
Fortum 16 066 772
Nordea 7 866 118
Kempower 3 867 690
Nokia tires 3 731 847
Elisa 3 698 552
Command 3 592 005
Outokumpu 2 383 882
Uponor 2 045 380
Citycon 2 019 302
Tietoevry 1 432 056

Nordnet Finland’s 10 best-selling shares in the equity account – January 2024

Company Net sales value (EUR)
Nokia -11 510 320
Konecranes -3 711 093
Qt Group -3 460 494
Wärtsilä -2 470 485
Effects -2 367 615
UPM-Kymmene -2 060 317
Tokmanni -1 470 448
Orion B -1 442 700
Telia -1 425 510
Finnair -1 222 753