Stockholm Stock Exchange Fell

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Stockholm Stock Exchange Fell
Photo: Fredrik Sandberg/TT

The Stockholm stock exchange ended Monday on minus after a day with small price movements. The broad OMXS index fell 0.4 percent.

Defensive stocks, i.e. those that usually perform well in times of stock market uncertainty, are found at the top of the OMXS30 list with the most traded stocks. This is in the form of telecom companies Tele2 and Telia, which rose 2.3 and 1.9 percent, respectively.

Automotive giant Volvo rose after the major bank Goldman Sachs raised its target price and closed with a gain of 0.4 percent.

In the opposite direction, the automation conglomerate ABB fell the most, dropping 4.4 percent.

The heat pump company Nibe was also among the losers, with a loss of 1.3 percent. This is linked to uncertainty surrounding the German heat pump market following the weekend's election, where the Christian Democratic CDU is expected to form a government with the Social Democratic SPD.

On the major European stock exchanges, Frankfurt performed best at the close in Stockholm, with a gain of 0.5 percent, while Paris and London, on the other hand, had fallen.

On Wall Street in New York, two out of three major indices were up.

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

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