Sales were highlighted in Danske Bank’s customer share trading on the crazy days of January.
1.2. 16:53
Danske Bankin more than half of private equity trading was in January, as prices fell due to tightening US monetary policy and rising interest rate concerns.
According to data published by the bank, Danske Bank’s private customers accelerated their share sales in the week beginning January 24, when shares fell sharply. At that time, 56 percent of the stock trade was a sale. For the whole of January, sales were 54 percent.
Private investors reacted differently to the fall in the January share price than in March 2020, when less than 40 percent of stock trading was a sale. In March 2020, the escalation of the interest rate crisis pushed rates deep down for several days.
Danske Bankin senior strategist Kaisa Kivipelto says that, there are now a lot of factors in the market that increase uncertainty.
“US monetary policy, the corona situation and the crisis in Ukraine are factors that could have a strong impact on exchange rates. Danske Bank’s view is that returns similar to last year’s shares will not be exceeded this year, but no large and long-term decline is visible, ”Kivipelto says in a press release.
Shares of US growth companies topped Danske Bank’s customer sales lists.
Electric car manufacturer Tesla rose to the top of the list of best-selling shares in both the US and German markets.
Tesla’s share price fell by about 20 percent during January.
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