Risk appetite for defense companies is clearly increasing again. This is according to Nordnet's savings economist Frida Bratt in a comment halfway through June.

Four of the ten most net-purchased shares so far this month are defense companies, which comes at a time when the conflict between Israel and Iran has escalated.

Saab, Mildef, BAE Systems, and Scandinavian Astor Group are all among the ten most net-bought shares among the broker's Swedish customers since June 1.

Defense stocks fell in early June after Saab's recommendations were lowered, which attracted dip buyers, notes Frida Bratt.

The sector is often seen as resilient in times of geopolitical turmoil. In the spring, European defense stocks surged after announcements of major military buildup, but interest waned when valuations were questioned.

Israel and Iran continued their exchanges of fire over the weekend. At the same time, new information has emerged that Israel was planning to kill Iran's supreme leader, Ayatollah Ali Khamenei, but that US President Donald Trump vetoed the plan.

Saab was once again the most traded stock on the Stockholm Stock Exchange on Monday.