Stockholm Stock Exchange Fell

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

» Published:

Stockholm Stock Exchange Fell
Photo: Fredrik Sandberg/TT

Share this article

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.

Tags

Author

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

More news

US Inflation Matches August Expectations

US Inflation Matches August Expectations

ECB Keeps Interest Rates Steady

ECB Keeps Interest Rates Steady

Novo Nordisk to End Remote Work in 2024

Novo Nordisk to End Remote Work in 2024

Switzerland Suggests Moving Gold Refineries to USA to Lower Tariffs

Switzerland Suggests Moving Gold Refineries to USA to Lower Tariffs

Klarna's Stock Market Debut Attracts Swedish Small Investors

Klarna's Stock Market Debut Attracts Swedish Small Investors

Oil Demand Surpasses Expectations for 2026, Says IEA

Oil Demand Surpasses Expectations for 2026, Says IEA

Stockholm Stock Market Rises Slightly as Rusta Drops 13 Percent

Stockholm Stock Market Rises Slightly as Rusta Drops 13 Percent

Swedish Dockworkers' Union and Employers Reach Agreement Ending Dispute

Swedish Dockworkers' Union and Employers Reach Agreement Ending Dispute

Technology Industry Faces Weak Growth, Says Teknikföretagen Report

Technology Industry Faces Weak Growth, Says Teknikföretagen Report

Food Prices Drop for First Time This Year in Sweden

Food Prices Drop for First Time This Year in Sweden

Noba to Join Stockholm Stock Exchange with Existing Shares

Noba to Join Stockholm Stock Exchange with Existing Shares

Rusta Reports Decreased Profit Despite Increased Sales

Rusta Reports Decreased Profit Despite Increased Sales

Sweden's Labor Market Faces Slow Recovery Despite Job Gains

Sweden's Labor Market Faces Slow Recovery Despite Job Gains

Nikkei 225 Hits New Record Amid Wall Street Optimism

Nikkei 225 Hits New Record Amid Wall Street Optimism

Klarna's NYSE Listing Boosts Growth and Talent Attraction

Klarna's NYSE Listing Boosts Growth and Talent Attraction

Oracle Surges 36% on NYSE, Overtakes Klarna's Major Listing

Oracle Surges 36% on NYSE, Overtakes Klarna's Major Listing

Klarna's Stock Surges 30% in Initial New York Trading

Klarna's Stock Surges 30% in Initial New York Trading

Klarna CEO Outlines Strategy to Dominate Global Payment Market

Klarna CEO Outlines Strategy to Dominate Global Payment Market

SEC Challenges Global Sustainability Reporting Standards

SEC Challenges Global Sustainability Reporting Standards

Spotify Introduces High-Resolution Sound for Premium Users

Spotify Introduces High-Resolution Sound for Premium Users