The sentiment on the Nordic growth exchanges was largely positive, with the healthcare sector once again delivering big price jumps, despite being the most bearish sector year to date on the Nordic growth exchanges.
Shares on the Nordic growth exchanges (Kapital Partner Nordic Growth Exchanges Index/ KPNGX) rose 1.7% last week. By comparison, the Swedish S30 index rose 3.8% while the Danish C25 index fell 5.1%. The Healthcare sector is again the sector where the largest return occurred – closer to 152%.
Since 1 January 2020, both the KPNGX index and the Thomson Reuters Venture Capital Index have fallen approximately 3-9%. The development of the Nordic growth exchanges thus roughly corresponds to the development of the venture sector. Year to date, the KPNGX index has fallen 44%, while the Thomson Reuters Venture Capital Index has fallen 53%.
KPNGX index development since 01.01.2020
The Nordic sentiment
Overall, there was a positive price trend on the Nordic growth stock exchanges, and the arrow turned upwards for half of the 908 stocks on the Nordic growth stock exchanges. On First North Denmark, the mood was slightly negative, with 21 out of 51 stocks rising even though the KPFNDK index was up, and of the 293 Nordic healthcare stocks, 164 had a positive week.
Sector development the past week
Consumer Non-Cyclicals and Healthcare fared best during the week with gains of 2.2%. Utilities fared worst for the second week in a row, falling 2.9%. Year-to-date, the Energy sector has fared best in the wake of the energy crisis with a 6% drop, while Healthcare has fallen the most with -48%.
The 3 best performing stocks on the Nordic growth exchanges last week
Learning 2 Sleep L2S AB (+152%) is a digital sleep clinic. The business idea is to offer a treatment for sleep problems regardless of geographical location. This is made possible through the company’s mobile application, where individuals are connected with licensed psychologists in the mobile interface.
The company did not release any significant news during the last week that could explain the price increase. The company has a market capitalisation of 11MSEK and the share price has fallen 81% since the company went public in February this year.
Share price development of Learning 2 Sleep L2S AB year to date
Nordic Technology Group AS (+64%) is an industrial technology company with three business areas in sensors, nanomaterials and clean tech, introducing technology solutions to emerging markets.
Nordic Technology Group AS also had no significant news to explain the price increase. The company has a market capitalization of 851MNOK and the stock has risen 11% since going public in July. On Monday alone, the stock rose 20% on the basis of a trading volume of just 100 shares, equivalent to NOK 875.
Share price development of Nordic Technology Group AS year to date
Invent Medic Sweden AB (+55%) is a pharmaceutical company. The company is currently developing incontinence products for women. The vision is to improve the quality of life for women with women-related health problems.
The company did not issue any press releases to explain the price increase, but the company was featured in a leading Scandinavian news service. The company has a market capitalisation of SEK 28 million and the share price has fallen 68% since the start of the year.
Share price development of Invent Medic Sweden AB year to date
Developments during the week on First North Denmark
The Kapital Partner First North Danmark (KPFNDK) index rose 0.4% last week. The KPFNDK index remains one of the best performing stock indices in the Nordic region year to date with -20% compared to KPNGX (-44%) and C25 (-20%). However, one explanation is that peaked a lot earlier during 2021 than the other indices.
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KPFNDK index development since 01.01.2020
Developments during the week on First North Denmark at company level
Agilic A/S was the winner of the week with an increase of 24%. Bactiquant A/S followed with a 19% increase. The two companies have delivered a negative return year to date in the range of -13-20%. Happy Helper A/S, on the other hand, was the worst performing stock of the week with -28%. The worst performing stock on First North Denmark this year is Copyright Agent A/S with a drop of 78%.
Development on First North Denmark last week and year to date
Best performing stock of the week on First North Denmark: Agilic A/S
Agilic A/S (30%) offers brands a platform to work with data-driven insights and content to create, automate and deliver personalised communications to millions of people.
The company has a market capitalization of 212MDKK and the stock has declined 20% year to date.
The company has a market capitalisation of 35MDKK and the share price has fallen 34% year to date.
View the investment case for Nexcom A/S here
Price chart of Agilic A/S year to date
Developments during the week for the Nordic healthcare stocks
Nordic healthcare stocks (Kapital Partner Healthcare Index/KPHC) have really taken a beating in 2022, falling around 48%. Last week, the KPHC index rose 3%, with the aforementioned Invent Medic Sweden AB (55%) and Learning 2 Sleep L2S AB (152%) making up the top 3 along with Senzime AB (71%). Lipidor AB fared worst, falling 76%.
KPHC index development since 01.01.2020
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