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Most traded stocks by country: July 2022

And just like that, another month of trading has come and gone. After posting consecutive months of losses, major indices, including the EURO STOXX 50 and S&P 500, ended July in the green. The S&P 500 even had its best month since November 2020.

While this seems all and well, some analysts warn that this could be a bear market rally rather than the end of the bear market we entered in June. A bear market rally is when stock prices temporarily rise after plunging into a bear market. So, is this the end of the bear market or just a rally? We’ll have to wait to find out!

Image of map including the most traded stocks per DEGIRO country.

Newbies on the map

In July, two companies made their debut on our map, being traded the most for the first time. Since they are new names, here’s a brief introduction of each:

Alphabet Inc.

While Alphabet is a new name on our map, its likely a company that you’re familiar with. If not, maybe you know it by its former name Google. The company used to operate under the name Google but changed its name to Alphabet, making Google a subsidiary back in 2015.

Alphabet trades under two tickers- GOOG and GOOGL. Shares that trade under the ticker GOOGL are categorised as Class A, and GOOG shares are categorised as Class C. The main difference between the different classes is in terms of voting rights. Class A shares receive one vote, and Class C shares don't have any voting rights.

On July 18th, both classes of shares underwent a 20-for-1 stock split. Before the split, Alphabet traded above $2,000, and are now trading in the $100 range. Companies typically split their stock to bring down the price and make it accessible to more investors.

Mytilineos Holdings

Also new on our map is the Greek industrial company Mytilineos, which dates back to 1908. While considered an industrial company, Mytilineos is heavily involved in the energy sector. It specialises in power generation, gas trading, operating industrial and renewable energy plants, and producing aluminum, among other things. Mytilineos operates in 30 countries and is a major Greek exporter, accounting for more than 2% of all exports from the country.

Biggest movements

Danish biotechnology company Bavarian Nordic posted the biggest gain out of the stocks on the map in July. The company’s stock price has been gaining since May due to the monkeypox outbreak, which the World Health Organization (WHO) declared a public health emergency at the end of July. At the time of writing, Bavarian Nordic is the only company with an approved vaccine for monkeypox.

Banco Comercial Portugues (BCP), also known as Millennium bcp, was on the losing end. In July, the company warned that its earnings from the polish market would take a hit in the upcoming quarter as the Polish government takes steps to try to ease the cost-of-living crisis in the country. Other banks, including Commerzbank, ING and Santander, have also flagged the impact of the Polish government’s measures on their businesses.

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The information in this article is not written for advisory purposes, nor does it intend to recommend any investments. Please be aware that facts may have changed since the article was originally written. Investing involves risks. You can lose (a part of) your deposit. We advise you to only invest in financial products that match your knowledge and experience.

Deemed authorised and regulated by the Financial Conduct Authority. The nature and extent of consumer protections may differ from those for firms based in the UK. Details of the Temporary Permissions Regime, which allows EEA-based firms to operate in the UK for a limited period while seeking full authorisation, are available on the Financial Conduct Authority’s website.

Sources: Reuters, Bloomberg, Bavarian Nordic, Mytilineos, Yahoo! Finance, BCP

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Note: Investing involves risks. You can lose (a part of) your deposit. We advise you to only invest in financial products which match your knowledge and experience.

Note:
Investing involves risks. You can lose (a part of) your deposit. We advise you to only invest in financial products which match your knowledge and experience.