Home HomeSwedenLivingWorld world_2_fill WorldBusiness BusinessSports sports-soccer SportsEntertainmentEntertain

Slightly Down on the Stockholm Stock Exchange

The Stockholm Stock Exchange started the trading week with slightly falling prices. The broad OMXS-index fell 0.1 per cent.

» Updated: 16 July 2024, 14:58

» Published: 17 June 2024

Slightly Down on the Stockholm Stock Exchange
Photo: Pi Frisk/SvD/TT

The Stockholm stock exchange began the trading week with slightly falling prices. The broad OMXS-index fell by 0.1 per cent.

Among the most traded shares on the OMXS30 list, the crisis-stricken property company SBB performed best, rising around 4.2 per cent after announcing that up to 50 million D-shares would be repurchased.

At the other end, the medical technology company Getinge and the hygiene company Essity fell 2.4 and 2.3 per cent, respectively. Essity has presented new financial targets following the sale of its subsidiary Vinda.

Investment company Kinnevik and white goods manufacturer Electrolux also fell, by 2.1 and 1.6 per cent, respectively.

Swedbank's share price fell by 1.2 per cent. This followed Danske Bank's downgrade of its recommendation and warning that the major bank's net interest income may disappoint negatively in the second quarter.

The development on the leading European stock exchanges was mixed. The Paris stock exchange rose nearly 1 per cent, Frankfurt was up around 0.4 per cent, while London was slightly down.

The political turmoil in France, where parties are positioning themselves ahead of the new parliamentary election, continued to cause concern and spilled over to Asian markets overnight. The Nikkei index in Tokyo fell 1.8 per cent, while there were small movements in Shanghai and Hong Kong.

Tags
TTT
By TTThis article has been altered and translated by Sweden Herald

More news

Major Banks Lower Mortgage Rates
1 MIN READ

Major Banks Lower Mortgage Rates

Major Banks Lower Mortgage Rates
1 MIN READ

Major Banks Lower Mortgage Rates

Central Bank Economist: Central Bank Cuts Interest Rate Too Late
2 MIN READ

Central Bank Economist: Central Bank Cuts Interest Rate Too Late

How You Are Affected by Lowered Interest Rates
2 MIN READ

How You Are Affected by Lowered Interest Rates

The Central Bank doubles down - uncertainty after Trump's victory
2 MIN READ

The Central Bank doubles down - uncertainty after Trump's victory

Inflation upswing does not threaten interest rate cuts
3 MIN READ

Inflation upswing does not threaten interest rate cuts

Stockholm Stock Exchange Rises at Opening
1 MIN READ

Stockholm Stock Exchange Rises at Opening

Most up on Asian stock exchanges
1 MIN READ

Most up on Asian stock exchanges

This is how your wallet can be affected by Trump's victory
2 MIN READ

This is how your wallet can be affected by Trump's victory

Cheerful on Wall Street after Trump win
1 MIN READ

Cheerful on Wall Street after Trump win

Thousand-kronor notes to be picked up when the Central Bank increases the pace
3 MIN READ

Thousand-kronor notes to be picked up when the Central Bank increases the pace

Swish up and running again after disruption
1 MIN READ

Swish up and running again after disruption

Trump's company is soaring on the stock exchange
1 MIN READ

Trump's company is soaring on the stock exchange

Swedish Export Threatened by Trump Victory
2 MIN READ

Swedish Export Threatened by Trump Victory

Sameby's appeal against mining company rejected
1 MIN READ

Sameby's appeal against mining company rejected

Inflation Expectations Fall
1 MIN READ

Inflation Expectations Fall

Better than expected for Novo Nordisk
1 MIN READ

Better than expected for Novo Nordisk

No "Trump Effect" on the Stockholm Stock Exchange
1 MIN READ

No "Trump Effect" on the Stockholm Stock Exchange

Stock Market Euphoria as Trump Heads for Victory
2 MIN READ

Stock Market Euphoria as Trump Heads for Victory

Rush on the Tokyo Stock Exchange after the election night
1 MIN READ

Rush on the Tokyo Stock Exchange after the election night