SBB surged as the Stockholm
Photo: Erik Simander/TT

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.

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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.

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AuthorTT News AgencyEnglish edition by Sweden Herald, adapted for our readers
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