Stockholm stock market rises slightly despite weak financial results

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Stockholm stock market rises slightly despite weak financial results
Photo: Pontus Lundahl/TT

After hovering around zero for most of the day, the Stockholm Stock Exchange rose slightly after lunch. At close, the broad OMXS index was up 0.3 percent.

After reporting a quarterly profit that was worse than expected, Atlas Copco's A-share fell 1.9 percent.

Steel company Alleima took a major hit on the stock market after its financial results, with the price falling 11.2 percent. Medical technology company Getinge, which also released financial results, fell just over 5.8 percent.

Engineering company Sandvik performed better than expected, rising 1.9 percent.

Among the winners were the major banks, which rose between 0.9 and 1.7 percent ahead of the release of their financial statements on Thursday.

Today's big loser was the wind power company Eolus, which took a huge hit over offshore projects, and its share price fell 18.1 percent.

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

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