The first trading days of the year on the Copenhagen Stock Exchange have been favorable for Grønlandsbanken A/S, whose shares have increased by 29 percent.
– It's definitely about Donald Trump, says investment economist Per Hansen from the trading platform Nordnet.
Per Hansen explains to the Danish financial media Euroinvestor that there are several reasons why investors want to buy into a bank in Greenland.
Firstly, it is a perception of a lot of upcoming investments in Greenland. At the same time, it may be about expectations that momentum will be further strengthened, the investment economist believes.
– It is clear that the more times this is mentioned in the radio news or in the TV news or in a weekly magazine, the more people will think that this has very good publicity value, we can make a buck off of that, says Per Hansen to Euroinvestor.
The bank has a market value of almost two billion kroner.
