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: December 09 2024

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

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

TTT
By TTTranslated and adapted by Sweden Herald

More news

Wall Street Rises as Fed Holds Interest Rates Steady
1 MIN READ

Wall Street Rises as Fed Holds Interest Rates Steady

Fed Keeps Interest Rate Unchanged Despite Trump's Criticism
2 MIN READ

Fed Keeps Interest Rate Unchanged Despite Trump's Criticism

EU Eases Vehicle Emissions Rules Despite Swedish Opposition
1 MIN READ

EU Eases Vehicle Emissions Rules Despite Swedish Opposition

FMV Places Multi-Billion Ammunition Order with Nammo and Norma
2 MIN READ

FMV Places Multi-Billion Ammunition Order with Nammo and Norma

Heidelberg Quarry in Gotland Approved for 30 More Years, Boosting Preparedness
2 MIN READ

Heidelberg Quarry in Gotland Approved for 30 More Years, Boosting Preparedness

Limestone Quarrying on Gotland: Key Developments and Legal Challenges
2 MIN READ

Limestone Quarrying on Gotland: Key Developments and Legal Challenges

Disney to Build First Middle East Theme Park in Abu Dhabi
1 MIN READ

Disney to Build First Middle East Theme Park in Abu Dhabi

Gotland Limestone Quarrying Approved for 30 Years with Conditions
2 MIN READ

Gotland Limestone Quarrying Approved for 30 Years with Conditions

Geely to Acquire Full Ownership of Zeekr in $6.4 Billion Deal
1 MIN READ

Geely to Acquire Full Ownership of Zeekr in $6.4 Billion Deal

Weight Watchers Files for Chapter 11 to Restructure $1.15 Billion Debt
1 MIN READ

Weight Watchers Files for Chapter 11 to Restructure $1.15 Billion Debt

Eurozone Retail Trade Slightly Down in March
1 MIN READ

Eurozone Retail Trade Slightly Down in March

Preem Reports Q1 Loss but Sees Positive Trend in Diesel and Renewables
1 MIN READ

Preem Reports Q1 Loss but Sees Positive Trend in Diesel and Renewables

Trump's Houthi Decision Impacts European Shipping Stocks
1 MIN READ

Trump's Houthi Decision Impacts European Shipping Stocks

Ørsted Halts Hornsea 4 Offshore Wind Project Amid Rising Costs
1 MIN READ

Ørsted Halts Hornsea 4 Offshore Wind Project Amid Rising Costs

Saab Secures 1.3 Billion Kronor Order for Light Torpedoes in Sweden
1 MIN READ

Saab Secures 1.3 Billion Kronor Order for Light Torpedoes in Sweden

Swedish Inflation Too High for Central Bank to Cut Rates
2 MIN READ

Swedish Inflation Too High for Central Bank to Cut Rates

Sats Gym Chain Sees Membership and Profit Surge in First Quarter
1 MIN READ

Sats Gym Chain Sees Membership and Profit Surge in First Quarter

BMW Stock Rises Despite China Sales Slump and Profit Decline
1 MIN READ

BMW Stock Rises Despite China Sales Slump and Profit Decline

Cloetta Reports Profit Growth Amid Higher Chocolate Prices
1 MIN READ

Cloetta Reports Profit Growth Amid Higher Chocolate Prices

Novo Nordisk Shares Climb 4 Percent Despite Lowered 2025 Forecast
1 MIN READ

Novo Nordisk Shares Climb 4 Percent Despite Lowered 2025 Forecast