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Bankers win on weak stock market

The Stockholm stock exchange fluctuated around zero on the last day of the trading week, but during the afternoon many prices fell, with the exception of the banking giants. The broad OMXS index closed at minus 0.2 percent.

» Published: January 03 2025

Bankers win on weak stock market
Photo: Anders Wiklund/TT

Weight made, among other things, the shares of appliance manufacturer Electrolux and index-heavy fashion giant H&M, which fell by 2.7 and 1.3 percent, respectively.

Instead, the major banks rose after SEB raised its recommendation for competitor Swedbank on Friday morning, which climbed 2.1 percent. And industry colleagues were pulled along in the upswing.

Another winner was real estate company SBB, which rose 4.1 percent.

Calculated over the entire past week, the OMXS rose 1.7 percent.

Leading indexes on the major European stock exchanges fell, with the CAC 40 in Paris dropping around 1.5 percent the most.

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By TTThis article has been altered and translated by Sweden Herald
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