Monday was a blood-red day on the stock exchange, and small investors bought and sold clearly more than usual.
Seen in terms of volume, more was sold. But despite this, there were more people who net-bought securities than net-sold, says Frida Bratt.
At both Avanza's and Nordnet's customers, the defense company Saab was the most net-sold share on Monday.
It has been very popular and is still up over 50 percent since the turn of the year. I think this is about many being satisfied and choosing to take out the profit, says Avanza's savings economist Philip Scholtzé.
Hunting for dividend shares
As so often, Investor B was the most traded share, and at both banks, it was among the top among the most net-bought. But bank shares also became popular. Swedbank A was the most net-bought among Avanza's customers.
There are no safe harbors directly. I think many perceive bank shares as a bit more stable, but that doesn't have to be. On the other hand, bank shares are not the most risky, says Philip Scholtzé, savings economist at Avanza.
I think people want the dividend that has been high in bank shares. We also see that other high-dividend payers like Volvo and SSAB are being bought. You want to secure a return in some way in uncertain times, says Frida Bratt, savings economist at Nordnet.
Small investors also took a cue from business icon Warren Buffett.
Over the weekend, several media outlets reported that the legendary investor's company Berkshire Hathaway had sold almost half of its giant holding in Apple during the second quarter, equivalent to 529 billion kronor. On Monday, Apple was found among the most net-sold shares at both Avanza and Nordnet, which is not usual.
Switching tech for broad index funds
On the fund side, there were several technology funds on the list of most sold. Instead, broad index funds were bought. But that people are rebalancing their portfolios in the midst of turbulence in this way is not something Philip Scholtzé recommends.
It actually worries me a bit that people are doing this. You shouldn't steer the boat on the days it storms the most. Fund transactions don't go through as quickly as you press the sell or buy button, so it's very easy to end up wrong. Then it's better to wait out the storm and be able to take part in the recovery afterwards, he says.
Shares
Most net-bought on Nordnet
1. Investor B
2. Investor A
3. Volvo B
4. Handelsbanken
5. Evolution
Most net-sold on Nordnet
1. Saab
2. Calliditas Therapeutics
3. Ericsson
4. Xvivo
5. Apple
Most net-bought on Avanza
1. Swedbank A
2. Volvo car B
3. Investor B
4. Sinch
5. Nordnet
Most net-sold on Avanza
1. Saab B
2. Volvo B
3. Nvidia
4. Evolution
5. Handelsbanken A
