In these shares, investors smell a price reversal

Not a wedding year.

This is how the Helsinki Stock Exchange’s year 2024 could be summed up. The general index of the Helsinki Stock Exchange fell by almost seven percent. For Finnish private investors, last year was a year of diversification, he summarizes The North in its announcement.

The stock market’s weakness in December can be seen in the numbers. The exchange rate of the entire Helsinki Stock Exchange in euros decreased by 16.0 percent from December a year ago. Also, the number of copies in the stock exchange’s stores decreased by 11.3 percent from the comparison period of the previous year.

On the other hand, the exchange’s euro-denominated trade in December decreased by 11.5 percent from November’s euro-denominated activity.

“December ended the third consecutive year of decline for the general index of the Helsinki Stock Exchange. The month did not turn out to be a record month for trading by domestic private investors, but rather a somewhat ordinary month, Country Director of Nordnet Finland Suvi Tuppurainen says and adds that this time investors did not rush to the buying side of the stock market in December, as in several previous years.

Tuppurainen refers to Nordet’s statistics and states that the fuel company In this was the most traded domestic stock in December, both in terms of the number of different customers and also in terms of euros.

”Nordea however, it edged past Neste as the month’s net most purchased share in terms of euros. In the growth of Nordea’s popularity, you can already see the first signs of the approaching dividend test spring,” Tuppurainen says.

Investors diversified

Tuppurainen’s observation is that in 2024, private investors’ monthly additional investments in different instruments were practically evenly distributed. Net, one third to stocks, one third to funds and one third to ETFs.

Investors’ attention was divided into US technology sector stocks as well as monthly savings funds.

“In 2024, the popularity of domestic stock exchange stocks did not reach the usual monthly level, as the return development of the Helsinki Stock Exchange lagged behind several of its international peers. The year will go down in history among Finnish customers as the year of decentralization,” Tuppurainen sums up in the press release.

According to Tuppurainen, December was a preparation for a possible January phenomenon for some private investors. Phenomenon refers to observations. according to which stock returns are on average better in January than in other months.

Among last year’s major rate calculators, Neste entered investors’ shopping baskets, Outokumpu and Nokian Tires.

“What is most obvious is that many private investors expect a gradual recovery of the price levels for these shares in the signs of a positive turn in the new year, Tuppurainen estimates.