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Monday 24.07.2017 | Name days: Krista, Kristiāna, Kristiāns, Kristīne

American company shares traded the most; Apple shares popular the most in Baltics

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Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUShares of Apple, Amazon and Facebook were traded the most in Q1 2017, as announced by international online trading and investment company Saxo Bank.  Deals with Apple shares were the most popular among Saxo Bank’s Baltic investors.

«Investors used to their advantage market fluctuations caused by the policy of U.S. President Donald Trump. We expect European securities will demonstrate better results than USA and Japan in Q2 2017. We now expect that shares of technology companies will continue doing well, and this can serve as safe road towards growth in deposit portfolios,» notes Saxo Bank capital securities and the quantitative strategies manager Peter Garnry.

Saxo Bank notes that the price of Apple shares has grown 23% since the beginning of the year. This was thanks to improved perspectives of iPhone, in spite of steep competition from Samsung and Chinese manufacturers. «Although investors’ mood has improved, the company has to present new products to reduce iPhone risks – smart-phones still form 65% of Apple’s business.»

«Amazon, the world’s largest e-commerce business, continues developing at full speed, and the value of the company’s shares has grown 20% since the beginning of the year.  Value growth was contributed by 45% increase in cloud service segment in comparison with the year before. The company’s free money flow has come close to USD 12 billion. Such additional financial support opens an opportunity for Amazon to enter self-service in food and clothes segment,» the company comments.

Facebook, as a social media leader, concluded last year with rapid decline. Nevertheless, the market mood has improved again. Facebook’s share price has grown 25% since the beginning of the year, reaching unprecedented height, experts say. Although it has been concluded that Facebook cannot possibly absorb more advertisements without damaging information flow for users, investors pin their hopes on Instagram and video advertisement accomplishments, which could assist the company’s growth.

Experts say the value of shares of Goldman Sachs has declined 9% since the beginning of the year. Revenue indexes have declined over inflation expectations. The value of shares of Alibaba has grown 29% since the beginning of the year. Alibaba intends to focus on global development and cloud data services this year.

Ref: 224.109.109.6091


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