Stockholm Stock Exchange fell, ABB surged after higher order intake

Published:

Stockholm Stock Exchange fell, ABB surged after higher order intake
Photo: Fredrik Sandberg/TT

The Stockholm Stock Exchange started the day higher, turned down when the US stock market opened lower, and closed down 0.3 percent. After an intense morning of reports, ABB was the big winner while SEB was the big loser.

Among the heavyweights on the OMXS30 list, ABB surged 8.4 percent after the industrial group released financial results showing, among other things, higher order intake.

Mining company Boliden rose 3 percent. Industrial giants Sandvik, Alfa Laval and Atlas Copco also rose.

At first the stock market rose, but turned sour in the afternoon when the New York Stock Exchange opened in the red.

The Frankfurt Stock Exchange also fell, while London and Paris rose.

Several of the major banks also reported financial results. SEB's report was clearly poorly received, and the share price fell 6.8 percent. Nordea lost 3.4 percent.

Handelsbanken and Swedbank also fell.

Loading related articles...

Tags

Author

TT News AgencyT
By TT News AgencyEnglish edition by Sweden Herald, adapted for our readers

More news

Loading related posts...