Happy stock market week ended slightly lower

Published:

Happy stock market week ended slightly lower
Photo: Linus Sundahl-Djerf/SvD/TT

Trading on the Stockholm Stock Exchange was cautious on Friday, and the broad OMXS index closed 0.1 percent down.

After rising for four consecutive days, OMXS fell marginally on the last day of the trading week. For the week as a whole, an increase of 3.2 percent was noted.

The large-cap index OMXS30, which also fell 0.1 percent on Friday, was topped by heat pump manufacturer Nibe and mining company Boliden, up 3.3 and 2.5 percent respectively. The worst performer was measurement technology company Hexagon, which lost 1.5 percent.

Telecommunication and internet operator Telia rose a modest 0.2 percent after major American bank JP Morgan gave the stock a buy recommendation.

In Asia, as well as in Stockholm, stock market indices hovered around zero, while the leading European stock exchanges in Frankfurt, London and Paris rose slightly.

The krona continued to strengthen against both the dollar and the euro. At the close of trading, one dollar cost 9.44 kronor and one euro cost 10.95 kronor.

The price of silver rose just over 4 percent to a record high of $55.65 per ounce. The price of the precious metal has risen 92 percent since the turn of the year.

Loading related articles...

Tags

Author

TTT
By TTEnglish edition by Sweden Herald, adapted for our readers

More news

Loading related posts...