Ericsson and Tesla were two of the biggest winners when the reporting season began in mid-October. The price surge, however, led many savers to sell their shares to rebalance their portfolios.
"Ericsson surged on a report that exceeded expectations. This led to massive profit-taking. In fact, on the day of the report, Ericsson was the most sold share of all Nordic shares on Nordnet's entire platform," says the company's savings economist Frida Bratt in a press release.
A similar development was seen at competitor Avanza, according to savings economist Philip Scholtzé:
"It's not uncommon for shareholders to take the opportunity to sell in connection with this type of surge when it comes to companies that have had a tough stock market performance over a longer period," he says in a press release.
Some companies that, on the other hand, have fallen sharply in recent times, such as retail giant Axfood and Danish pharmaceutical company Novo Nordisk, are instead among the most bought shares during the period. Common to both Nordnet and Avanza is that Investor is the most traded share.
