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Broad Uptrend on the Stockholm Stock Exchange

After a shaky start to the week, the Stockholm stock exchange rose on Wednesday. The OMXS index increased by 2.0 per cent.

» Updated: 07 August 2024, 17:42

» Published: 07 August 2024

Broad Uptrend on the Stockholm Stock Exchange
Photo: Anders Wiklund/TT

There were predominantly green figures on the large-cap index OMXS30. The only exception was the mining company Boliden, which fell by 0.8 percent.

The best performer was the real estate company SBB, which rose by 8.2 percent. The cloud service company Sinch increased by 5.6 percent, and Atlas Copco went up by 2.7 percent.

The major banks also performed well – Swedbank rose by 2.5 percent, while SEB climbed by 2.7 percent. Handelsbanken also rose, up by 1.9 percent.

The leading European stock exchanges in Frankfurt, London, and Paris also rose, in line with the Stockholm Stock Exchange.

The US stock market continues to recover after a few bloody days. After a few hours of trading, the S&P 500 had risen by 1.3 percent. The Dow Jones was up by 1.0 percent, and the tech-heavy Nasdaq had risen by 1.6 percent.

The Swedish krona has strengthened against both the dollar and the euro since Monday. One dollar costs 10.45 kronor, and one euro costs 11.42 kronor.

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By TTThis article has been altered and translated by Sweden Herald

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