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Clear surge on the Stockholm Stock Exchange

The Stockholm Stock Exchange index rose by 0.7 percent on Friday.

» Updated: 20 September 2024, 10:07

» Published: 29 August 2024

Clear surge on the Stockholm Stock Exchange
Photo: Fredrik Sandberg/TT

The increase was broad. Among the most traded stocks on the OMXS30 index, almost all companies increased. Industrial stocks performed the best. Alfa Laval rose 2.5 percent, while SKF and Sandvik increased 2.3 and 1.9 percent, respectively.

Among the companies that went against the trend were, for example, Telia and fashion giant H&M. They fell 0.4 and 0.2 percent, respectively.

Among today's company news, it was noted that steel manufacturer SSAB has announced a new CEO for the company. The stock rose 1.6 percent.

Pharmaceutical company Bioarctic released quarterly figures during the morning and the stock surged 8.5 percent. At the same time, a bid from Danish AP Møller on automotive supplier Concentric caused the Concentric stock to rise almost 60 percent to the bid level.

The leading European stock exchanges rose in line with the Stockholm Stock Exchange.

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By TTThis article has been altered and translated by Sweden Herald

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