Stockholm Stock Exchange Turned Upward

The Stockholm stock exchange recovered after the morning's decline. At closing, the OMXS index stood at plus 0.4 percent.

» Published: Wed 9 Oct 2024 08:21 CEST

Stockholm Stock Exchange Turned Upward
Photo: Pi Frisk/SvD/TT

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Market development was in line with how it looked around Europe. At the top of the Stockholm Stock Exchange's OMXS30 list, interest-rate sensitive Sinch was found, which rose 1.2 percent.

This morning's message from China about further economic stimulus measures to be presented over the weekend led to companies with China exposure, such as Boliden and Hexagon, rising 0.5 and 1.3 percent, respectively.

In the opposite direction, live casino operator Evolution fell 1.8 percent to its lowest price since August.

The Swedish major banks received a lowered recommendation in a market update made by Handelsbanken. Swedbank fell 0.5 percent.

Among the smaller companies, a price drop of 0.2 percent was noted for Volvo Cars. This morning, it was announced that Björn Annwall, deputy CEO of Volvo Cars, is leaving the company.

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

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