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: July 16 2024

» Published: June 17 2024

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

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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.

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

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