Customers of online broker Nordnet favored banking and industrial stocks throughout April, with all four major Swedish banks appearing on the list of most-purchased equities.

'Solid earnings reports, high dividends, and robust business models are likely the factors keeping these stocks at the top of the buy list again this month. Furthermore, banks - Handelsbanken in particular - tend to see their share prices retreat by more than the dividend amount following the ex-dividend date, which has likely further fueled buying interest among clients,' says Carl-Henrik Söderberg, savings economist at Nordnet.

Continuing the dividend theme, Axfood also proved popular among investors.

Conversely, savers opted to divest from U.S. tech companies that have rallied recently.

'We are seeing clear profit-taking following a powerful market recovery,' says Söderberg, noting that growth stocks such as Sinch and Embracer were also sold off.

Most BoughtMost Sold
HandelsbankenAdvanced Micro Devices (AMD)
InvestorSinch
VolvoNvidia
SwedbankBioarctic
AxfoodEmbracer
Cibus Nordic Real EstateStorytel
MicrosoftNebius
NordeaCastellum
Atlas CopcoMillicom
SEBAker BP