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Stockholm Stock Exchange Turns Down

The Stockholm Stock Exchange turns down after an initial increase. After nearly an hour of trading, the OMXS index falls 0.4 percent.

» Published: February 24 2025 at 07:51

Stockholm Stock Exchange Turns Down
Photo: Pi Frisk / SvD / TT

Most of the Stockholm Stock Exchange's large-cap list is in the red, with ABB at the bottom with a decline of 2.3 percent. Against the trend, among others, is the car giant Volvo, which rises 1.3 percent after the major bank Goldman Sachs raised the target price for the share.

Around the leading European markets, it's downhill, with the Frankfurt Stock Exchange being the exception after the German election over the weekend.

The election outcome means that the Christian Democratic CDU is expected to form a government with the Social Democratic SPD, while two parties, the liberal FDP and the left-conservative BSW, will not get any seats in parliament.

At the opening, the Frankfurt Stock Exchange also rose clearly, but after an hour of trading, the DAX index is up marginally by 0.3 percent.

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By TTThis article has been altered and translated by Sweden Herald
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