Welcome Snackers, today’s snack will cover the market developments of Digizuite, MapsPeople, Valuer.ai and Impero – Compliance. Simplified.
Today’s Market Movements
Denmark:
OMX:C25 (-0.74%)
Sweden:
OMX:S30 (-0.34%)
Norway:
OBX: OSL (+0.61%)
S&P 500 (+0.39%)
Nasdaq (+0.47%)
European stocks opened this week struggling. Many of last week’s problems continue to harbour fear. Crude oil futures gained 1.6% today, pushing the price per barrel up to USD 83.8. The continuing inflation fears driven by oil price inflation was amplified today by increasing prices in commodity markets. Markets are concerned this inflation may not be transitory as initially predicted; eyes the world over will be fixed on the US core inflation data Wednesday evening, seeking clues for the depth of the current inflation. The other major stories driving markets is those of supply chain issues and looming rate hikes, both of which remain problematic. This week promises to be fascinating as the Q3 accounting season gets underway; investors will scrutinise third-quarter earnings reports for clues concerning inflation and supply chain issues.
Today’s snacks
Denmark’s SaaS sector experienced high volatility today, with Digizuite, MapsPeople, Valuer.ai, and Impero – Compliance. Simplified. all moving >4.5%. MapsPeople won out, gaining 5.5%, Impero was also up with a 4.7% gain. Conversely, Digizuite fell 5.9%, and Valuer was down 7.6%. The current uncertainty in the markets is generally accompanied by a risk-off attitude which amplifies red days on the First North market. Large swings in today’s trading can therefore be expected for these SaaS companies. Looking towards the rest of the week, the SaaS sector may be of high interest for investors seeking volatility.
Disclaimer: HC Andersen Capital receives payment from the companies for a #DigitalIR agreement.
Author: Philip Coombes
