The Stock Week Started Downwards

The Stockholm Stock Exchange started the trading week with falling prices. The OMXS index fell by 0.4 percent.

» Updated: October 08 2024

» Published: October 07 2024

The Stock Week Started Downwards
Photo: Tim Aro/SvD/TT

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The decline among large companies was broad. A majority of the companies on the OMXS30 index with the most traded shares fell.

Among the exceptions, the banking sector stood out. The best performer was fashion giant H&M, which rose 2.3 percent after reports of insider buying by the Persson family.

Among the losers was cloud service company Sinch, which fell 2.0 percent.

Real estate company SBB fell 1.1 percent. On Monday morning, it was announced that its subsidiary Sveafastigheter, which is to be listed, was valued at between 7.9 and 9.1 billion kronor. SBB's shareholders will have priority to subscribe to shares in connection with the listing.

Clas Ohlson, a retail chain, released sales figures for September, and its share initially fell but then recovered and rose 3.1 percent.

The development on the leading European stock exchanges was mixed. London and Paris rose slightly, while Frankfurt was weakly down.

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By TTEnglish edition by Sweden Herald, adapted for local and international readers

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