Stock market up – over 7 percent in January

The Stockholm Stock Exchange's broad OMXS index hovered around zero on Friday and closed at plus 0.1 percent. And counted from the turn of the year, the stock exchange has risen 7.5 percent.

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Stock market up – over 7 percent in January
Photo: Stina Stjernkvist/TT

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Among today's clear winners, the measurement technology company Hexagon stood out, rising 9.0 percent after a quarterly report that exceeded expectations.

The forestry group SCA also received approval for its quarterly figures, albeit with some hesitation; the stock rose 2.9 percent. The bearing giant SKF's year-end report received a more lukewarm reception, and the stock fell 1.3 percent.

The downward trend continued for appliance manufacturer Electrolux. The stock fell a further 5.3 percent following Thursday's quarterly report.

Outside the heavyweight list, JM fell sharply, down 10.2 percent, following the release of the construction company's interim report.

Yields on bonds fell further across Europe, in the wake of Thursday's interest rate decision from the European Central Bank, which was interpreted as dovish with further rate cuts on the horizon. On the bond market, three more rate cuts are now priced in for this year. New inflation figures from Germany and the US did not change that picture.

On the major European stock exchanges, index movements were small, as in Stockholm. In Frankfurt, London, and Paris, indices moved at most a few tenths of a percent.

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

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