Rusta rushed on sour stock market

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Rusta rushed on sour stock market
Photo: Claudio Bresciani/TT

The Stockholm Stock Exchange's broad OMXS index fell 0.6 percent on Tuesday. Retail chain Rusta went against the trend, rushing after its interim report.

Rusta reported increased profits and sales during the last quarter – a statement of strength ahead of the Christmas shopping season. The share rose sharply and closed up 12.8 percent.

Among the heavyweights in the OMXS30 index, defense group Saab was the best performer for the second day in a row, up 2.6 percent. Other winners were online casino company Evolution and mining equipment manufacturer Epiroc, which rose 1.2 and 1.0 percent, respectively.

At the bottom of the OMXS30 were heat pump manufacturer Nibe, down 4.1 percent, and truck manufacturer Volvo, which lost 2.1 percent.

Small index movements characterized trading on the major Asian stock exchanges overnight. On the leading European stock exchanges, developments were mixed: up in Frankfurt, down in Paris and almost unchanged in London.

On the foreign exchange market, the krona strengthened against both the dollar and the euro. At the close of trading, one dollar cost 9.35 kronor and one euro 10.88 kronor.

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By TT News AgencyEnglish edition by Sweden Herald, adapted for our readers

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