Overview of the stocks that were traded the most by DEGIRO clients in March 2022.

Most traded stocks by country: March 2022

The end of March marks the end of the first quarter of the year. March was another grim month as the terrible war in Ukraine continued, resulting in unimaginable devastation for the people of Ukraine. We can only hope for an end to the war and for peace to be restored in Ukraine.

Last month, we saw more of the impacts of the war on the financial markets. For example, commodity prices swung wildly as sanctions on Russia have caused further supply constraints. US equities fared better than European peers, with the S&P 500 increasing by 3.58% and the EURO STOXX 50 dropping by 0.55%.

The majority of these stocks are in the financial sector.

Newcomers on the map

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

Jastrzebska Spolka Weglowa

Jastrzebska Spolka Weglowa (JSW) is a Polish coal mining company. The company is one of the largest producers of high-quality hard coking coal in the European Union. The company’s business activities are broken down into two main segments: Coal and Coke. The Coal segment includes the extraction and sales of black coal, and the Coke segment includes the production and sale of coke and hydrocarbons. JSW is involved in the steel industry, as its products are highly used for steel production.

JSW’s share price jumped up by 58.07% during March and hit a three-year high of PLN 79 on March 30th.

Banco Comercial Portugues

Banco Comercial Portugues (BPC) is one of the largest private banks in Portugal. The group operates through several subsidiaries, such as Millennium bcp, ActivoBank and Millenniumbcp Ageas. BPC is active in Portugal, Poland, Mozambique, Angola and China.

At the end of March, BCP announced that it would be reinstating dividends after stopping them for two years. Stock prices were up by 4.85% at the end of the month.

Nordex

Nordex is a Germany-based company that develops, manufactures and distributes wind turbines. It has production plants in many countries around the world, including Germany, Spain, India, Mexico and the US.

While Nordex’s stock price ended March slightly down by 0.31%, prices have increased since the Russian invasion of Ukraine on February 24th. Clean-energy stocks, including Nordex, have generally performed well amid the war in Ukraine as governments are making efforts to reduce dependence on imported fossil fuels from Russia.

Societe Generale

Societe Generale, often referred to as SocGen, is a financial services group based in France. The company’s business operates through three main segments: French Retail Banking, International Retail Banking, Insurance & Financial Services to Corporates and Global Banking & Investor Solutions.

SocGen has some of the highest exposure to Russia compared to other major European banks. SocGen reported having €18.6 billion in exposure to counterparties in Russia at the end of 2021, representing 1.7% of the group’s total exposure. In early March, the company warned it could be stripped of its business in Russia but says it has more than enough to ‘absorb the consequences of a potential extreme scenario’. SocGen’s stock price ended March down by 4.60%.

Intesa Sanpaolo

Another company in the financial sector that is a new name on our map is Intesa Sanpaolo, Italy’s biggest bank by total assets. The group’s biggest market is in Italy, but it also offers services to clients all over Europe as well as Asia, Africa and the Americas.

Similar to SocGen, Intesa also has exposure to Russia and Ukraine, which the company reported in mid-March being €5.7 billion. Intesa said it is conducting a strategic review of its presence in Russia and that it cannot confirm if the bank will hit its 2022 profit goal of €5 billion at this time. Prices decreased by 4.60% in March.

Most traded sector

inancials had a strong presence on our map in March, with seven out of 18 stocks being in this sector. These include flatexDEGIRO, Societe Generale, Alpha Services and Holdings, OTP Bank Nyrt, Intesa, ING and BCP. All of these stocks ended March in the red except for BCP.

Biggest movements

The companies that saw the biggest price movements out of the stocks on the map last month were JSW and ING. JSW’s 58.07% price increase made it March’s winner. ING was on the losing end, with prices falling by 9.43%.

Investing with DEGIRO

We want to make investing accessible to everyone by offering incredibly low fees. For details, please visit our Fees page.

On top of low fees, we offer you access to one of the largest universes of products and exchanges. This can help you influence your risk by building a well-diversified portfolio and spreading your investments over different types, regions and sectors. For an overview of the products and exchanges we offer, please visit our Markets page.

Open an account

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.

Sources: Bloomberg, Reuters, Investing.com, JSW, BCP, SocGen, Intesa Sanpaolo, Nordex

Back

Get started with investing in 10 lessons

Investor's academy academy

Start investing today

Open a free account invest
backtotop

Your investment journey starts here

Open a free account and join over 2.5 million investors worldwide on our user-friendly platform.

Note:
Investing involves risks. You can lose your invested funds. We advise you to only invest in financial products which match your knowledge and experience. This is not investment advice.

Investing places your capital at risk. Read our full warning here.

icon_close

We want to empower people to become the best investors they can be. By offering a universe of possibilities and choices on our user-friendly platform, we are removing barriers to make investing accessible to everyone: beginners or experts. You get access to a wide variety of products on more than 50 global exchanges to have the freedom to invest the way you like. In our world, you also get great value for money. So, without compromising an inch on the quality, security and range of our investment services, we offer incredibly low fees. Prioritising your needs has helped us become the leading European online broker. Our 2.5+ million clients and 100+ international awards are proof of our success.

This communication is issued on behalf of flatexDEGIRO Bank AG and has been approved as a financial promotion on 3rd August 2023, for the purposes of section 21 of the Financial Services Market Act 2000 (FSMA), by Resolution Compliance Limited which is authorised and regulated by the Financial Conduct Authority (FRN:574048). flatexDEGIRO Bank AG is an overseas firm which is not authorised by the Financial Conduct Authority. This means that the FCA Rules made under FSMA for the protection of retail clients do not apply to the services provided by flatexDEGIRO Bank AG but investors are instead protected under applicable German law and Dutch law rules that apply to flatexDEGIRO Bank AG. Investors are not protected by the UK Financial Services Compensation Scheme.

flatexDEGIRO Bank Dutch Branch, a foreign branch of flatexDEGIRO Bank AG | Amstelplein 1, 1096HA Amsterdam | phone: +31 20 261 3072 | e-mail: clients@degiro.com | flatexDEGIRO Bank Dutch Branch is registered with the Dutch Chamber of Commerce under number 82510245. | flatexDEGIRO Bank Dutch Branch, trading under the name DEGIRO, is the Dutch branch of flatexDEGIRO Bank AG. flatexDEGIRO Bank AG is an overseas company primarily supervised by the German financial regulator (BaFin). In the Netherlands, flatexDEGIRO Bank Dutch Branch is registered with DNB and supervised by AFM and DNB. | flatexDEGIRO Bank AG is a licensed German bank supervised by the German financial regulator and registered with the German Chamber of Commerce under number HRB 105687.