Stockholm Stocks Surge as OMXS Index Climbs 2.8%

The Stockholm stock exchange remained steadily positive on the first day of the trading week. The upswing persisted until closing, with the broad OMXS index ending at plus 2.8 percent. The US stock exchanges also started positively, with several of the major tech companies trading on plus.

» Published:

Stockholm Stocks Surge as OMXS Index Climbs 2.8%
Photo: Claudio Bresciani/TT

Share this article

The upturn in Stockholm was broad and all companies – except for the real estate company SBB – on the large-cap list OMXS30 were on the plus side. The best performer was the cloud service company Sinch, which rose 6.5 percent. The measurement technology company Hexagon was up 6.2 percent and the air heat pump company Nibe rose 5.2 percent.

The real estate company SBB fell below zero in the last minute, minus 0.1 percent.

The leading stock exchanges in Europe also rose on Monday.

The New York stock exchange is also rising. The iPhone manufacturer Apple is acting as a locomotive and is rising nearly 3 percent. The tech giant is also pulling along, among others, the semiconductor giant Nvidia, which is up around 0.4 percent.

The Swedish krona, which has been the strongest compared to the world's major currencies since the turn of the year, continues to strengthen against the dollar. One dollar costs 9.72 kronor on Monday. At the turn of the year, the dollar cost 11.07 kronor.

Tags

Author

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

More news

Basmati Rice Dispute Stalls EU-India Trade Agreement

Basmati Rice Dispute Stalls EU-India Trade Agreement

Stockholm Stock Exchange Opens Slightly Up Amid Fed Rate Cut Hopes

Stockholm Stock Exchange Opens Slightly Up Amid Fed Rate Cut Hopes

Sweden Construction Costs Rise 0.4% in August Amid Higher Electricity Prices

Sweden Construction Costs Rise 0.4% in August Amid Higher Electricity Prices

Swedes Report Decreased Satisfaction with Banks This Year

Swedes Report Decreased Satisfaction with Banks This Year

Fashion Trade Sales Rise for Third Consecutive Month

Fashion Trade Sales Rise for Third Consecutive Month

Powell's Rate Signal Influences Swedish Households Too

Powell's Rate Signal Influences Swedish Households Too

Asian Markets Rise Despite Weak China Data

Asian Markets Rise Despite Weak China Data

ANZ Bank Faces Record Fines for Bond Deal Misconduct

ANZ Bank Faces Record Fines for Bond Deal Misconduct

Trump Welcomes Foreign Investment and Workforce in the USA

Trump Welcomes Foreign Investment and Workforce in the USA

Government Boosts Support for Sweden's Regional Airports

Government Boosts Support for Sweden's Regional Airports

Klarna CEO: Embracing "Swedishness" as a Key Asset

Klarna CEO: Embracing "Swedishness" as a Key Asset

Handelsbanken Swish Payment Disruption Resolved

Handelsbanken Swish Payment Disruption Resolved

Government Proposes Increased Export Credit Guarantees for Swedish Companies

Government Proposes Increased Export Credit Guarantees for Swedish Companies

AstraZeneca Halts UK Research Facility Expansion Plans

AstraZeneca Halts UK Research Facility Expansion Plans

Princess Madeleine's Skincare Brand Launch Draws Lukewarm Interest

Princess Madeleine's Skincare Brand Launch Draws Lukewarm Interest

Länsförsäkringar Swish Payment Issue Resolved

Länsförsäkringar Swish Payment Issue Resolved

Blind Box Trend Raises Concerns Over Consumer Behavior and Spending

Blind Box Trend Raises Concerns Over Consumer Behavior and Spending

France's Credit Rating Downgraded by Fitch

France's Credit Rating Downgraded by Fitch

Microsoft Gains Amid Mixed US Market

Microsoft Gains Amid Mixed US Market

FTC Investigates Google and Amazon Over Advertising Practices

FTC Investigates Google and Amazon Over Advertising Practices