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Investing.com -- Nordnet AB (ST:SAVE) on Friday reported a sharp increase in trading activity in September, with customers carrying out 5.44 million transactions in listed instruments, up 37.9% from a year earlier and 8.9% from August.
The average daily number of trades reached 247,600, compared with 188,000 in September 2024 and 238,100 the previous month.
Trading volumes grew across the Nordic region, led by Sweden with 2.23 million trades, a 35.6% increase from last year.
Denmark recorded 1.26 million trades, up 62.1% year over year, while Norway reported 1.07 million, up 38.8%. Finland saw 883,700 trades, a 17% increase.
Cross-border transactions made up 40.2% of all trades, compared with 36.8% in August and 27.9% in the same month last year. Customer growth continued during the month.
Nordnet added 26,200 new customers in September, bringing the total to 2.29 million, an 11.8% increase from September 2024.
The annual growth figure is adjusted for the divestment of the company’s unsecured lending portfolio to Ikano Bank in October 2024.
Net savings totaled SEK 5.9 billion in September, down from SEK 6.7 billion in August but 55.3% higher than a year earlier. Net savings for the year so far reached SEK 60.2 billion.
Customer savings capital amounted to SEK 1,142 billion at the end of the month, up 15.5% from September 2024 and 2.5% from August.
Lending balances ended the month at SEK 28.5 billion, compared with SEK 27.9 billion in August and SEK 31.2 billion a year earlier.
Margin lending stood at SEK 17.1 billion, while mortgage lending was SEK 11.4 billion. Unsecured lending was reported at zero following the 2024 divestment.
The traded value in the cash market rose to SEK 136 billion, an increase of 29.6% compared with September 2024 and 3.7% from August.
Sweden contributed SEK 48.8 billion, Norway SEK 30.6 billion, Denmark SEK 36.4 billion and Finland SEK 20.2 billion.
Cross-border traded value represented 38.2% of the total, compared with 37.6% in August and 27.5% a year earlier.