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Midsummer Celebrations on the Stockholm Stock Exchange

The Stockholm Stock Exchange went into the Midsummer weekend on a high. After a cautious start, the exchange gained momentum during morning trading and at closing, the broad OMXS index landed at plus 1.1 per cent, in line with larger European exchanges.

» Updated: 16 July 2024, 14:58

» Published: 20 June 2024

Midsummer Celebrations on the Stockholm Stock Exchange
Photo: Tomas Oneborg/SvD/TT

The Stockholm stock exchange went into the Midsummer weekend on a high.

After a cautious start, the exchange gained momentum during morning trading and at closing, the broad OMXS index landed on a plus of 1.1 per cent, in line with major European exchanges.

Among the heavyweights, the normally most turbulent shares, cloud service company Sinch and property company SBB, topped the list, up 7.7 per cent and 6.4 per cent respectively. Investment company Kinnevik rose 2.9 per cent.

Live casino operator Evolution weighed on the index slightly with a decline of 0.3 per cent.

Outside the large-cap list, financially troubled credit management company Intrum was the day's winner after announcing an agreement with lenders. The share rose over 23.4 per cent.

On Wednesday, US exchanges were closed due to a public holiday, and on Thursday afternoon, trading pointed upwards.

The leading European exchanges also pointed upwards, with Paris up around 1.3 per cent, and Frankfurt and London landing at up 0.9 per cent and 0.7 per cent respectively.

The Brits' central bank, the Bank of England, left the interest rate unchanged at 5.25 per cent on Thursday, as expected, despite recent statistics showing that inflation has fallen to the two per cent target.

The Stockholm stock exchange will be closed on Friday due to Midsummer.

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By TTThis article has been altered and translated by Sweden Herald

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