Online broker Nordnet reported net savings of SEK 7.3 billion among its customers in May. This represents a 2.3 percent increase from the previous month, when the figure stood at SEK 7.2 billion, and a substantial 132.6 percent surge compared to the same period in 2023.
The number of new customers reached 24,700. The total customer base now stands at 2,470,700, reflecting a 1.0 percent monthly increase and a 12.1 percent year-on-year rise.
Savings capital grew by 5.1 percent month-on-month to SEK 1,346 billion, marking a 29.9 percent improvement on an annual basis.
The average number of daily trades was 317,900 in May, up 7.5 percent from the previous month and 30.3 percent year-on-year. In Sweden, the number of trades increased by 15.2 percent month-on-month to 128,400, representing a 33.0 percent increase compared to the same period last year.
Nordnet AB (publ) is a Sweden-based company that offers a digital platform for savings and investments. Nordnet's core business is savings and investments. Via nordnet's digital platform, savings and investments are offered in a number of financial products at low costs, as well as a number of selected loan products. The platform is aimed at private savers in Sweden, Norway, Denmark and Finland and is available via nordnet's Web services, app and a number of trading applications developed by partners of the Company. Nordnet also runs one of the Nordic region's social investment network, which enables Nordnet's customers to follow other investors and see their investments. The company has a total of more than half a million members on its various social channels and networks.
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