Avanza rises to almost 3-yr high on brokerage activity spike in December

Avanza Bank Holding AB

07/01/2025 09:20

** Shares in Sweden's Avanza  AVANZ.ST  rise as much as 5.5%
to their highest level since February 2022, after the financial
services provider reported positive December figures
    ** J.P.Morgan analyst Enrico Bolzoni notes a spike in
brokerage activity, which rose 17% month-on-month
    ** Avanza reports a net inflow of SEK 9.98 billion ($906.2
million) for December, amounting to SEK 85.80 million for the
full year
    ** In December, its net new customers totalled 16,700,
resulting in 2,071,700 customers by the year-end
    ** The stock is among top gainers on the pan-European STOXX
index  .STOXX ; peer Nordnet  SAVE.ST  also rises 1.8%

($1 = 11.0125 Swedish crowns)

 (Reporting by Elviira Luoma)
 ((Elviira.luoma@thomsonreuters.com))