Saab and H&M winners on positive stock market

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.

» Updated: July 16 2024

» Published: July 03 2024

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

Share this article

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.

Tags

Author

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

More news

South Korean Workers Detained in US Hyundai Raid to Be Flown Home
1 MIN READ

South Korean Workers Detained in US Hyundai Raid to Be Flown Home

Trump's Eight Strategies to Challenge Wind Power Expansion
4 MIN READ

Trump's Eight Strategies to Challenge Wind Power Expansion

Trump's Opposition to Wind Power Threatens US Turbine Industry
3 MIN READ

Trump's Opposition to Wind Power Threatens US Turbine Industry

Ryanair Cuts One Million Seats in Spain for Winter Season
1 MIN READ

Ryanair Cuts One Million Seats in Spain for Winter Season

Opec+ Plans Oil Production Increase in October
1 MIN READ

Opec+ Plans Oil Production Increase in October

US SEC Ends Swedbank Investigation Without Action
1 MIN READ

US SEC Ends Swedbank Investigation Without Action

Siemens Energy Secures Billion-Euro Deal for Bornholm Energy Island
1 MIN READ

Siemens Energy Secures Billion-Euro Deal for Bornholm Energy Island

88 Postal Operators Halt Package Shipments to USA
1 MIN READ

88 Postal Operators Halt Package Shipments to USA

EU Trade Commissioner Welcomes Potential US Tariff Reduction
1 MIN READ

EU Trade Commissioner Welcomes Potential US Tariff Reduction

Greece Offers Tax Incentives to Attract Returning Workforce
3 MIN READ

Greece Offers Tax Incentives to Attract Returning Workforce

How Greece Transformed Its Economy After Debt Crisis
2 MIN READ

How Greece Transformed Its Economy After Debt Crisis

Trump Considers Three Candidates to Succeed Fed Chief Powell
1 MIN READ

Trump Considers Three Candidates to Succeed Fed Chief Powell

South Korea Expresses Concern Over Mass Arrests at Hyundai Factory in Georgia
2 MIN READ

South Korea Expresses Concern Over Mass Arrests at Hyundai Factory in Georgia

Swedes Face Higher Costs Due to Norway's Fixed Electricity Prices
2 MIN READ

Swedes Face Higher Costs Due to Norway's Fixed Electricity Prices

Nvidia Stock Drops 2.7% Amid New York Market Decline
1 MIN READ

Nvidia Stock Drops 2.7% Amid New York Market Decline

Trump Criticizes EU's $33.9 Billion Fine on Google, Threatens Trade Probe
2 MIN READ

Trump Criticizes EU's $33.9 Billion Fine on Google, Threatens Trade Probe

US Job Market Slows with Only 22,000 New Jobs in August
2 MIN READ

US Job Market Slows with Only 22,000 New Jobs in August

Tesla Board Proposes New Bonus Plan for Elon Musk
1 MIN READ

Tesla Board Proposes New Bonus Plan for Elon Musk

13 Suspected of Insider Trading After Dawn Raid
1 MIN READ

13 Suspected of Insider Trading After Dawn Raid

18 Charged in Major Insider Trading Case in Sweden and Norway
1 MIN READ

18 Charged in Major Insider Trading Case in Sweden and Norway