Saab winner on red stock market

The Stockholm Stock Exchange closed in red figures after a trading day that oscillated around zero. Among the winners was Saab, which rose after reports of the sale of Jas Gripen.

» Published: August 27 2024

Saab winner on red stock market
Photo: Fredrik Sandberg/TT

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The Stockholm stock exchange was characterized by small price movements on Tuesday. From a green opening to minus 0.4 percent at closing.

Among the large companies, the defense company Saab had a positive trading day, and the stock rose by over 1.1 percent. During the day, it was announced that Thailand had decided to purchase more units of the Jas Gripen fighter jet, which mainly competed with the American F-16.

Also, the hygiene and health company Essity and the telecom company Tele2 performed well. Up 0.6 and 0.4 percent, respectively.

It went worse for the real estate company SBB, which will release its interim report later in the week. The stock fell by 3.6 percent.

The OMXS30, which includes the most traded stocks, fell overall and closed at minus 0.4 percent. The majority of the 30 companies on the list fell during the day.

The development on the leading European stock exchanges resembled that in Sweden. The Paris stock exchange fell by 0.2 percent, while the London stock exchange rose by approximately the same figure.

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

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