The Stockholm Stock Exchange rose – Volvo gained momentum

Published:

The Stockholm Stock Exchange rose – Volvo gained momentum
Photo: Claudio Bresciani/TT

The Stockholm Stock Exchange rose on Tuesday, with the broad OMXS index closing up 1.1 percent.

At the top of the large-cap OMXS30 list is truck manufacturer Volvo, up 2.8 percent after a buy signal from SEB. Construction group Skanska rose 2.3 percent and engineering giant Atlas Copco 2.2 percent.

The defense group Saab is also among the many winners, the share rose 1.3 percent after a billion-sek order from the Swedish Defence Materiel Administration regarding air defense.

Only three companies on OMXS30 closed in the red, clothing giant H&M fell 0.7 percent, industrial group ABB lost 0.3 percent and measurement technology company Hexagon closed in the red 0.1 percent.

At the close in Stockholm, the major European stock exchanges in Frankfurt, London and Paris were also up.

The initial trading on Wall Street is characterized by large fluctuations.

Chip giant Nvidia has fallen 4 percent after just over two hours of trading on reports that Meta is considering using Google's AI chip in its data centers in 2027. Google's owner Alphabet was up 0.4 percent at the same time. The development of the leading indexes was mixed at the same time, with the technology-heavy Nasdaq in the red and the broad S&P 500 in the red.

The oil price is falling further and a barrel of North Sea oil (Brent) costs $60.8 at 5:30 p.m.

Loading related articles...

Tags

Author

TTT
By TTEnglish edition by Sweden Herald, adapted for our readers

More news

Loading related posts...