Saab and SBB winners on rising stock market

The Stockholm Stock Exchange's broad OMXS index rose 0.5 percent on Wednesday, strengthened among other things by increases in the major banks' shares.

» Updated: July 16 2024

» Published: July 10 2024

Saab and SBB winners on rising stock market
Photo: Erik Simander/TT

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The Stockholm Stock Exchange's broad OMXS-index rose 0.5 percent on Wednesday, strengthened among other things by increases in the major banks' shares.

Handelsbanken and Swedbank, for example, rose 1.7 and 1.5 percent, respectively. But the best among the most traded shares in the OMXS30-index was the real estate company SBB, up 4.0 percent, and the defense conglomerate Saab, up 3.4 percent.

On the other hand, the investment company Kinnevik fell 1.9 percent. At the bottom of the OMXS30 were also the engineering companies Nibe and Alfa Laval, which lost 3.2 and 0.9 percent, respectively.

Outside the large-cap list, JM rose 5.2 percent, despite the construction company reporting an unexpectedly large profit decline in its quarterly report. Competitor Skanska, which has signed an agreement with the transportation authority in the state of New York in the USA for, among other things, a bridge construction, rose 1.8 percent.

The leading European stock exchanges rose in line with the Stockholm Stock Exchange.

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

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