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Swedes shy away from stock market: study

Swedes shy away from stock market: study

Published: 19 Jan 2011 17:23 GMT+01:00
Updated: 19 Jan 2011 17:23 GMT+01:00

The number of Swedes playing the stock market dropped in 2010, according to new statistics, while telecom firms Ericsson and TeliaSonera topped the list of Swedish firms with the most shareholders.

The number of unique shareholders in Sweden totaled 2,158,968 at the start of 2011, roughly 49,000 fewer than one year ago, according to fresh figures from Euroclear.

The majority of Swedish stock owners, 57 percent, are men, while 40 percent are women, with corporate entities accounting for the rest.

The list of companies with the highest percentage of female shareholders was headed by industrial doormaker Cardo, packaging company Billerud, the SEB and Handelsbanken banks, and fashion retailer Hennes & Mauritz.

In addition, web-based media retailer CDON.COM, clothier Kappahl and industrial toolmaker Atlas Copco saw the biggest rise in the number of female stock owners during 2010.

Among the companies with the largest percentage of male investors are Shelton Petroleum, airline SAS, network switch maker Switchcore, electronic price and information systems provider Pricer, and Precise Biometrics.

CDON.COM and Kappahl also saw the largest increase in male shareholders in 2010, followed by media company MTG.

Mika Burman Götz, an economist with the Nordnet savings and investment company, believes part of the reason fewer Swedes have opted to own shares is an increased interest in other savings and investment options like endowment assurance policies and Exchange Traded Funds.

“There’s a much broader and larger range of investment products today. There are so many more alternatives than there were before,” she told the TT news agency.

She also believes some shareholders have been scared off by the IT-crash and the financial crisis, as well as by bank collapses such as that of HQ Bank.

At the start of 2011, Ericsson had the highest number of individual shareholders, with 630,594, which represents a 2.3 percent drop compared with the year before.

TeliaSonera had 601,736 shareholders, 1.6 percent fewer than last year, and Swedbank had 333,145 individual shareholders, a drop of 0.7 percent.

However truckmaker Volvo AB and H&M saw an increase in their number of individual shareholders, with Volvo growing by 2.9 percent to 240,043 and H&M increasing by 4.6 percent to 193,697.

TT/The Local/dl (news@thelocal.se)

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Your comments about this article

18:51 January 19, 2011 by lux.veritas
I guess investing savvy Swedes have done their homework on the fake free markets, precious metals, energy and commodity cartels. Perhaps also the self-styled elite run legal fraud that are our monetary systems, designed to rob and enslave.

No sound banking, no sound markets, corporations with human rights as opposed to just, not legal operating charters, no independent sound regulation. NO FUTURE sustainability.

All systems that do not benefit humanity and the planet as a holistic mechanism and put a premium value on that which produces nothing other than wealth transfer and control will fail at great cost to all. If you comprehend how money is fabricated and the underlying rules of a monetary system, coupled with a little research, you will never listen to an economist ever again. They are like propaganda agents for a corrupt corporation and half are clueless about the systems they purport to know about.

Want to work towards real economic change: join credit unions, find out if your bank is unethical, discard all credit cards, don't get loans unless absolutely necessary, where possible keep precious products, metals, stones etc. over cash, don't buy crap you don't need. Buy local products where possible. Contrary to popular belief, most of what you pay in taxes goes back to the central bankster criminals for inflation and interest on money printed that can never be paid back. The biggest robberies have been carried out by the private banking families and groups that run central bank legal frauds. Find out for yourself how we have been robbed blind.

Since recorded time began we have never had so much poverty, slavery and all that comes as a result. Never has there been so many charities and NGO's headed by the same filthy lot. Can we honestly say that's all a coincidence? It would be very naïve to think so. We may not wish to know truth; not only because of its hideousness, but it presupposes we should do something as individuals. One can start by informing oneself and sharing information. Few wish to be told or lectured to, which is a human trait, best find out for oneself. Peace, knowledge and wisdom to all. We are equal humans not machines or cattle.
01:20 January 20, 2011 by Staffs
Absolutely Lux,

However, the sheep are not prepared to venture beyond the corral, I fear you are wasting your time here.

However, for those who do have intellectual curiosity, and who are not content with merely regurgitating the propaganda fed to us by the MSM, I suggest you research fiat currencies, fractional reserve banking, legal tender laws, money as interest bearing debt and sound money.

Or shall you just remain idol, ignorant and self destructive by watching TV and then and call us conspiracist theorists?
16:08 January 21, 2011 by Don-Griz
Not everyone wants to take their retirement savings to Vegas!

A sign of intelligent people. This type of caution and good common sense is why Sweden is not in the hole like many other nations.
16:19 May 15, 2011 by muscle
you guys speaking english?
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