The Nvidia drug also made Finnish investors open their wallets – Neste is another favorite stock of June

Finnish private investors bought diligently in June, especially those that have fallen drastically this year Liquid and the hottest name in the world stock market, an American chip designer Nvidiasays the stockbroker Nordnet’s from June’s stock trading statistics.

“Without the significant Neste purchases, private investors’ domestic share weight would have decreased by around 20 million euros. Under Nvidia’s leadership, foreign listed shares increased net by up to 39 million euros”, Country Director of Nordnet Finland Suvi Tuppurainen commented in the announcement.

Among Nordnet’s Finnish customers, for the third month in a row Neste was by far the most traded and net purchased domestic stock. Neste was bought net for 26.6 million euros.

“The share has fallen by 47 percent since the beginning of the year, and the 14 percent price drop in June strengthened private investors’ desire to buy even more. Finnish households are trying to hit the desired course reversal”, Tuppurainen interprets the figures.

In June, Nvidia’s stock dominated Nordnet’s Finnish customers’ foreign stock trading. Shares were bought net for 14.9 million euros during the month.

“During the month, many private investors latched on to the stock, believing in the continuation of the upward trend, despite the short-term respite. Nvidia’s share alone was added in net more than twice as much as all Finnish shares in net in June. In addition, the combined net purchase amount of Nvidia and Neste corresponded to more than 90 percent of all additional direct investments in shares,” says Tuppurainen.

After Neste, Nordnet’s Finnish customers net bought the most Finnish stocks in June Premature, Outkumpu and Nokian Tires. On the other hand, the most net sold Finnish stocks were Commandthe drug developer who organized the grant Pharaoh and Nordea.

“In selecting companies, investors thanked companies that paid strong dividends in the spring and transferred funds to companies that lost their price level. As a whole, stocks, funds and ETFs collected the same amount of additional investments from Nordnet’s Finnish customers on net.”