Electrolux winner on quiet stock market

The Stockholm stock exchange revolved around zero on the first day of the trading week. The broad OMXS index closed at minus 0.1 percent.

» Published:

Electrolux winner on quiet stock market
Photo: Jakob Åkersten Brodén/TT

Share this article

Best among the most traded stocks in the OMXS30 list were the white goods giant Electrolux and the investment company Kinnevik, up 6.2 and 4.2 percent, respectively. The mining group Boliden rose 2.7 percent after the announcement that the company is buying two mines from Lundin Mining.

At the other end, the defense group Saab fell 6.4 percent, and the real estate company SBB, down 3.5 percent.

The Stockholm stock exchange ended last week on a plus and had thus risen for eight trading days in a row. With Monday's marginal decline, the OMXS has now risen 10.5 percent since the turn of the year.

The oil price continued to rise after the weekend's developments in Syria, where President Bashar al-Assad was overthrown. A barrel of North Sea oil, also known as Brent oil, cost around 72 dollars at the close of the exchange.

On the leading European stock exchanges, the trend was mixed. The FTSE index in London and the CAC index in Paris rose, while the DAX index in Frankfurt fell back. The index movements were less than 1 percent on all three exchanges.

Tags

Author

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

More news

Microsoft to Invest $30 Billion in UK AI and Cloud Infrastructure

Microsoft to Invest $30 Billion in UK AI and Cloud Infrastructure

US Stock Market Sees Slight Decline Amid Retail Sales Data

US Stock Market Sees Slight Decline Amid Retail Sales Data

Trump Extends TikTok Deal Deadline to December 16

Trump Extends TikTok Deal Deadline to December 16

NHTSA Investigates 174,000 Tesla Cars Over Door Handle Issues

NHTSA Investigates 174,000 Tesla Cars Over Door Handle Issues

Ford Cuts 1,000 Jobs at Cologne Factory Amid Weak Electric Car Demand

Ford Cuts 1,000 Jobs at Cologne Factory Amid Weak Electric Car Demand

Swedish Households Shift from Borrowing to Diverse Savings Strategies

Swedish Households Shift from Borrowing to Diverse Savings Strategies

German Investor Confidence Surges Unexpectedly in September

German Investor Confidence Surges Unexpectedly in September

Norway Forecasts Limited Interest Rate Cuts Amid Economic Growth

Norway Forecasts Limited Interest Rate Cuts Amid Economic Growth

H&M Stock Rises Amid Stockholm Market Decline

H&M Stock Rises Amid Stockholm Market Decline

Gold Buyer Guldbrev to List on Stockholm Stock Exchange Amid Criticism

Gold Buyer Guldbrev to List on Stockholm Stock Exchange Amid Criticism

Financial Supervisory Authority Reviews SSAB's 33.3 Billion Kronor Write-Down

Financial Supervisory Authority Reviews SSAB's 33.3 Billion Kronor Write-Down

Weakening Dollar: Key Considerations for Investors

Weakening Dollar: Key Considerations for Investors

Asian Stock Markets Rise Following Trump's Trade Talks Update

Asian Stock Markets Rise Following Trump's Trade Talks Update

Court Rules Fed Member Lisa Cook Can Stay Amid Trump's Challenge

Court Rules Fed Member Lisa Cook Can Stay Amid Trump's Challenge

Tesla Stock Surges 3.6 Percent Boosting Wall Street Indexes

Tesla Stock Surges 3.6 Percent Boosting Wall Street Indexes

Trump Proposes Ending Quarterly Reports for Wall Street Companies

Trump Proposes Ending Quarterly Reports for Wall Street Companies

EU Regulators Seek Stricter Crypto Supervision by ESMA

EU Regulators Seek Stricter Crypto Supervision by ESMA

Elon Musk Buys $1 Billion in Tesla Shares, Boosting Stock by 7%

Elon Musk Buys $1 Billion in Tesla Shares, Boosting Stock by 7%

China Investigates Nvidia for Competition Law Violations

China Investigates Nvidia for Competition Law Violations

USA and China Agree on Tiktok Deal Framework

USA and China Agree on Tiktok Deal Framework