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Investing.com -- Trading on Nordnet’s (ST:SAVE) platform rose 20.7% year-over-year in July to 5,298,600 transactions, according to preliminary monthly figures posted on Tuesday. The total was up 12.2% from June.
The average number of trades per day was 230,500, a 5.4% decrease from June but up from 190,900 a year earlier.
Customer accounts totaled 2,240,100 at the end of July, an increase of 0.8% from June and 12.4% from July 2024, adjusted for the October 2024 divestment of Nordnet’s unsecured lending portfolio to Ikano Bank. New customers for the month numbered 17,600.
Net savings reached SEK 8.2 billion, rising from SEK 4.5 billion in June and SEK 7.2 billion in the same month last year. Cumulative net savings for 2025 stood at SEK 47.6 billion.
Savings capital totaled SEK 1,105 billion, reflecting a 3.8% increase month-over-month and 11.4% growth year-over-year.
Total (EPA:TTEF) lending, excluding pledged cash and equivalents, amounted to SEK 27.8 billion. That figure was up 3.1% from June but down 11.8% from the previous year.
Margin lending rose 4.6% month-over-month to SEK 16.5 billion, while mortgage lending increased 0.9% to SEK 11.3 billion.
Unsecured lending remained at SEK 0 following the divestment. In July 2024, unsecured lending stood at SEK 3.5 billion.
Trading activity rose across all markets. Sweden recorded 2,113,600 trades, up 11.4% from June and 16.8% year-over-year.
Denmark posted a 19.2% monthly increase to 1,149,100, Finland rose 18.4% to 932,900, and Norway advanced 2.6% to 1,103,000.
Cross-border trades accounted for 36.1% of total activity, increasing from 35.1% in June and 29.5% in July 2024.
Daily average trades declined in most markets compared to the prior month. Sweden dropped 8% to 91,900, Norway fell 10.6% to 48,000, and Denmark decreased 1.4% to 50,000. Finland was the exception, up 3% to 40,600.
The traded value on the cash market reached SEK 136.7 billion, rising 14.5% from June and 14.6% from a year earlier. Sweden led with SEK 48.3 billion, followed by Denmark at SEK 34.7 billion, Norway at SEK 30.7 billion, and Finland at SEK 23 billion. The cross-border share of traded value was 33.5%, slightly below June’s 33.7% but above 29.6% in July 2024.
Brokerage volumes were reported at SEK 751 billion, up 4.2% month-over-month and 9.4% from last year. Fund holdings rose 4.8% to SEK 273 billion, and deposits declined 2% to SEK 81 billion.