Vaccine news sent equity markets through the roof

November was a very hot month for the stock market in an extremely fast news flow that, in addition to the usual market news, also included an unusual US presidential election with extreme consequences, news about vaccines and, not least, the spread virus.

– The day Pfizer announced its results, on November 9, it reached the level of activity of the savers on the roof. Never before have so many transactions been made on a single trading day, not even during the biggest turmoil this spring, says Frida Bratt.

“Volatility peaked”

– Trading activity remains high with private savers buying net shares for the ninth consecutive month. After 211 days of recovery and a 43 percent stock market rally, we received almost a correction in October. Volatility peaked and the stock market bottomed out at the end of the month, which along with most of the positive vaccine news created a good appetite for risk during the month of November, says Niklas Andersson, noting that we We are heading for the strongest November since 2002.

Nordnet’s Frida Bratt says savers are not abandoning growing businesses, but are nevertheless investing heavily in aviation. SAS is the network’s top-bought share for November on Nordnet and is now the network’s third-most-bought share in 2020.

Investment in growing companies

Otherwise, Nordnet savers have invested in growth companies in November.

– Growth rockets like Embracer and Evolution Gaming are some of the net most bought stocks, both before and after the Pfizer vaccine novelty. Pfizer itself is also on the shopping list, where Tesla’s Chinese challenger NIO is a newcomer. NIO has been extremely strong this year in the framework of the electric car hype, says Frida Bratt.

On the sales side, the trend is clear; Bank and workshop were sold, confirming once again the image that savers, apart from aviation stocks, do not dare to believe in extensive sector turnover in this situation, says Frida Bratt.

Niklas Andersson from Avanza confirms the slowdown in sector turnover on stock exchanges.

– The month has offered a rotation of the real sector towards the banking, cyclical and pandemic losers, which has been financed with the relative winners in the stock market. Towards the end of the month, however, a rotation could be seen from the losers of the pandemic to the relative winner of the pandemic, he says.

“Huggers defend a buy position”

This month’s shopping list at Avanza is marked by companies that have taken a beating in the industry turnover and are led by gaming company Embracer.

– Gaming companies have offered structural growth for a long time and the corona pandemic has also pushed the trend further. However, in relation to the positive vaccine announcements in early November, Embracer’s share dropped dramatically and almost a quarter of the market capitalization disappeared. Savers saw the drop as a good buying opportunity, and the number of shareholders among Avanza clients increased by 40 percent. Having exposure to structural growth is interesting in the long term and I think it is wise to take advantage of volatility, says Niklas Andersson.

Tables: The following two tables show the most bought and best-selling stocks in November on the Nordnet and Avanza online brokers.