The Stock Exchange Starts September Downwards

The Stockholm Stock Exchange has begun the month of September downward. In afternoon trading at 2:40 pm, the broad OMXS index is down 0.4 percent.

» Updated: September 04 2024

» Published: September 02 2024

The Stock Exchange Starts September Downwards
Photo: Anders Wiklund/TT

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Among the most traded shares, the real estate company SBB and the defence group Saab are falling the most, down by 5.8 and 4.5 per cent, respectively.

Several major banks are going against the trend. Handelsbanken is rising by 0.6 per cent after announcing that it has completed the planned divestment of its small and medium-sized business in Finland. Swedbank's share is up by 0.9 per cent, while SEB is down by 0.1 per cent.

The wind power company OX2 has announced that it has handed over the Krasnik wind farm in Poland to Equitix and signed a 15-year management agreement. The share is rising by 0.2 per cent.

During the night's trading in Asia, there have been declines in Hong Kong and Shanghai, while the Tokyo Stock Exchange closed slightly up. The stock exchanges on Wall Street are closed on Monday due to the Labor Day holiday.

The krona is hovering around its highest level since March against the dollar, at 10.26 kronor. One euro costs 11.35 kronor, one of the strongest krona exchange rates since the beginning of July.

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

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