Home HomeSwedenLivingWorld world_2_fill WorldBusiness BusinessSports sports-soccer SportsEntertainmentEntertain

Down on the Stockholm Stock Exchange – Boliden at the Bottom

The Stockholm Stock Exchange closed today's trading with a negative price development. The broad OMXS index fell by 0.5 percent.

» Updated: 08 October 2024, 17:37

» Published: 08 October 2024

Down on the Stockholm Stock Exchange – Boliden at the Bottom
Photo: Fredrik Sandberg/TT

The development among the large companies was divided with scattered increases. The telecom company Tele2 took the lead with a rise of 1.6 percent and the industrial conglomerate ABB, plus 1.0 percent. The real estate company SBB rose 0.9 percent after yesterday's decline.

Among today's losers, the mining giant Boliden stood out, falling by 3.7 percent. The decline is in line with the entire mining sector after base metal prices have now fallen. This morning, news came from Chinese authorities that they believe they will reach this year's growth targets, but at the same time, they do not provide information about further stimulus measures for the Chinese economy.

China and various investments in the country are something that could increase demand for metals such as copper and aluminum, and today's news therefore has the opposite effect with a decline.

The fashion giant H&M and the industrial giant SKF also fell, by 2.2 percent and 2.5 percent, respectively.

The development on the leading stock exchanges in Europe is in line with Stockholm. The Frankfurt Stock Exchange fared best with a smaller decline of 0.2 percent.

Tags
TTT
By TTThis article has been altered and translated by Sweden Herald

More news

Major Banks Lower Mortgage Rates
1 MIN READ

Major Banks Lower Mortgage Rates

Major Banks Lower Mortgage Rates
1 MIN READ

Major Banks Lower Mortgage Rates

Central Bank Economist: Central Bank Cuts Interest Rate Too Late
2 MIN READ

Central Bank Economist: Central Bank Cuts Interest Rate Too Late

How You Are Affected by Lowered Interest Rates
2 MIN READ

How You Are Affected by Lowered Interest Rates

The Central Bank doubles down - uncertainty after Trump's victory
2 MIN READ

The Central Bank doubles down - uncertainty after Trump's victory

Inflation upswing does not threaten interest rate cuts
3 MIN READ

Inflation upswing does not threaten interest rate cuts

Stockholm Stock Exchange Rises at Opening
1 MIN READ

Stockholm Stock Exchange Rises at Opening

Most up on Asian stock exchanges
1 MIN READ

Most up on Asian stock exchanges

This is how your wallet can be affected by Trump's victory
2 MIN READ

This is how your wallet can be affected by Trump's victory

Cheerful on Wall Street after Trump win
1 MIN READ

Cheerful on Wall Street after Trump win

Thousand-kronor notes to be picked up when the Central Bank increases the pace
3 MIN READ

Thousand-kronor notes to be picked up when the Central Bank increases the pace

Swish up and running again after disruption
1 MIN READ

Swish up and running again after disruption

Trump's company is soaring on the stock exchange
1 MIN READ

Trump's company is soaring on the stock exchange

Swedish Export Threatened by Trump Victory
2 MIN READ

Swedish Export Threatened by Trump Victory

Sameby's appeal against mining company rejected
1 MIN READ

Sameby's appeal against mining company rejected

Inflation Expectations Fall
1 MIN READ

Inflation Expectations Fall

Better than expected for Novo Nordisk
1 MIN READ

Better than expected for Novo Nordisk

No "Trump Effect" on the Stockholm Stock Exchange
1 MIN READ

No "Trump Effect" on the Stockholm Stock Exchange

Stock Market Euphoria as Trump Heads for Victory
2 MIN READ

Stock Market Euphoria as Trump Heads for Victory

Rush on the Tokyo Stock Exchange after the election night
1 MIN READ

Rush on the Tokyo Stock Exchange after the election night