Saab and H&M winners on positive stock market

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Saab and H&M winners on positive stock market
Photo: Fredrik Persson/TT

The Stockholm stock exchange rose on Wednesday in line with leading European stock exchanges, but the increase was somewhat dampened by an unexpectedly weak job figure from the USA. The broad OMXS index rose 0.5 per cent.

The Stockholm Stock Exchange rose on Wednesday in line with leading European stock exchanges, but the increase was somewhat dampened by an unexpectedly weak jobs figure from the USA.

The broad OMXS index rose 0.5 percent.

Among the most traded shares in the OMXS30 index, the heat pump company Nibe Industrier and the defense group Saab performed best, up 4.4 and 3.1 percent, respectively. The index-heavy clothing giant H&M rose 2.6 percent.

Among others, SBB went against the trend, with its share falling 4.0 percent after S&P Global downgraded the financially strained real estate company's credit rating to SD (partially suspended payments).

Before the stock market opening, the construction company Skanska received a new billion-order in the USA. The share rose 1.2 percent.

The Wallenberg sphere's risk capital company EQT's share fell 0.5 percent after the announcement that it had agreed to buy the game developer Keywords Studios for approximately 28 billion kronor.

On Tuesday, the Stockholm Stock Exchange's OMXS index fell 0.8 percent. Since the turn of the year, the OMXS has risen 8.3 percent.

The best of the major European stock exchanges was the Paris Stock Exchange, where the CAC index climbed around 1.5 percent.

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

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