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Weak upswing on the Stockholm Stock Exchange

The Stockholm Stock Exchange rose slightly ahead of Wednesday evening's major event – the interim report from tech giant Nvidia. The OMXS index increased by 0.3 percent.

» Updated: 28 August 2024, 17:46

» Published: 28 August 2024

Weak upswing on the Stockholm Stock Exchange
Photo: Fredrik Sandberg/TT

Among the most traded stocks on the OMXS30 index, the defense group Saab performed best. The stock increased 1.4 percent. The lock group Assa Abloy also performed well and rose 1.1 percent.

The real estate company SBB released its interim report during the day. The company rose 1.1 percent.

In the opposite direction, H&M fell 3.1 percent, and the mining giant Boliden also declined, down 2.0 percent.

The school group Academedia was rewarded with a substantial price increase, up 6.6 percent, after the company released its new quarterly figures.

The leading European stock exchanges rose during the day.

From a market perspective, the focus is primarily on Nvidia, which will release its interim report after the New York Stock Exchange closes. The company's stock, which was down 2.9 percent at 17:30, is seen as an extremely important indicator, not only for the tech industry but also for how the stock market will develop going forward.

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By TTThis article has been altered and translated by Sweden Herald

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