SwedenLivingWorld world_2_fill WorldBusiness BusinessSports sports-soccer SportsEntertainmentEntertain

SBB surged as the Stockholm Stock Exchange broke the red trend

The Stockholm Stock Exchange closed Wednesday's trading on a plus and broke a seven-day long negative trend. The real estate company SBB surged 22 percent.

» Updated: Today, 17:40

» Published: Today, 08:14

SBB surged as the Stockholm Stock Exchange broke the red trend
Photo: Erik Simander/TT

At the close, the broad OMXS index had risen 0.3 percent. Welcome green figures after seven consecutive trading days in the minus.

Among the stock exchange's heavyweights, SBB took the lead and rose a whole 22 percent after announcing the results of its repurchase and exchange offer.

Heat pump manufacturer Nibe and medical technology company Getinge also performed strongly, closing at plus 2.2 and 2 percent, respectively.

At the other end, telecom company Tele 2 fell 2.7 percent. Forest products company SCA and bearing manufacturer SKF also declined, down 1.8 and 1.5 percent, respectively.

Movements were small on leading European stock exchanges. The Paris stock exchange stood at plus 0.3 percent at the close. London and Frankfurt closed around zero.

On Wall Street, investors are awaiting today's interest rate decision from the US central bank, the Federal Reserve. Most analysts believe in another interest rate cut of 0.25 percentage points.

At the stock exchange close, one dollar cost 10.97 kronor and one euro went for 11.49 kronor.

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

More news

Sources: Large Accounting Error in Indian Gold Import
1 MIN READ

Sources: Large Accounting Error in Indian Gold Import

This is why Matilda Djerf is news abroad
2 MIN READ

This is why Matilda Djerf is news abroad

The Low-Growth Period More Prolonged Than Expected
3 MIN READ

The Low-Growth Period More Prolonged Than Expected

Sweden remains owner of company in Russia
1 MIN READ

Sweden remains owner of company in Russia

Netflix Fined Millions
1 MIN READ

Netflix Fined Millions

Municipality Abandons Individual Wage Setting
2 MIN READ

Municipality Abandons Individual Wage Setting

Stora Enso makes write-down of approximately SEK 8.3 billion
1 MIN READ

Stora Enso makes write-down of approximately SEK 8.3 billion

British inflation rises
1 MIN READ

British inflation rises

The world's coal consumption record high
1 MIN READ

The world's coal consumption record high

Swedish households shop more
1 MIN READ

Swedish households shop more

Still slow for the construction sector
1 MIN READ

Still slow for the construction sector

Heavy economists want a double cut
3 MIN READ

Heavy economists want a double cut

Slightly Up on Asian Markets - but Nissan Soared
1 MIN READ

Slightly Up on Asian Markets - but Nissan Soared

Honda and Nissan in merger talks
2 MIN READ

Honda and Nissan in merger talks

Down on the US stock exchange – historic losing streak
1 MIN READ

Down on the US stock exchange – historic losing streak

Honda and Nissan initiate merger talks
1 MIN READ

Honda and Nissan initiate merger talks

Buttericks Applies for Corporate Restructuring
1 MIN READ

Buttericks Applies for Corporate Restructuring

New Billion Fine for Meta after Leak
1 MIN READ

New Billion Fine for Meta after Leak

ViaPlay has tax debts of 250 million kronor
1 MIN READ

ViaPlay has tax debts of 250 million kronor

Stronger Retail Trade than Expected in the USA
1 MIN READ

Stronger Retail Trade than Expected in the USA