SwedenLivingWorld world_2_fill WorldBusiness BusinessSports sports-soccer SportsEntertainmentEntertain

H&M and Saab fell on the stock exchange

The Stockholm Stock Exchange ended October with a clear decline. Also for the month as a whole, the figures were gloomy.

» Updated: 31 October 2024, 17:45

» Published: 31 October 2024

H&M and Saab fell on the stock exchange
Photo: Erik Simander/TT

The broad OMXS-index fell 1.1 percent on Thursday, while the OMXS30-index with the most traded shares dropped 1.4 percent. Among the major companies, only the cloud service company Sinch closed on a plus, up 0.7 percent.

The indexes were weighed down by a decline in the clothing giant H&M. The share fell 4.5 percent after a lowered recommendation from analysts.

An even bigger loser was Saab. Like many competitors around Europe, the defense conglomerate's share dropped after reports emerged that Ukraine is considering alternative peace plans. Saab lost 5.7 percent.

The indexes on the leading European stock exchanges also fell, roughly as much as in Stockholm.

Thursday's decline meant that the Stockholm stock exchange fell for the third day in a row. For October as a whole, the OMXS-index fell 4.3 percent and the year's gain is now 7.8 percent.

Tags
TTT
By TTThis article has been altered and translated by Sweden Herald

More news

Took a tough stance on crypto companies - resigns
1 MIN READ

Took a tough stance on crypto companies - resigns

Ingvar Carlsson on PG: "A very loyal friend"
2 MIN READ

Ingvar Carlsson on PG: "A very loyal friend"

No Wage Guarantee in American Process
1 MIN READ

No Wage Guarantee in American Process

He became "PG" to the entire Swedish people
3 MIN READ

He became "PG" to the entire Swedish people

PG Gyllenhammar has died: "meant a lot"
1 MIN READ

PG Gyllenhammar has died: "meant a lot"

Unstable US stock market ends on a plus
1 MIN READ

Unstable US stock market ends on a plus

Temu's owner shows its hand
1 MIN READ

Temu's owner shows its hand

Nvidia rises in pre-trading on Wall Street
1 MIN READ

Nvidia rises in pre-trading on Wall Street

Reconstruction in the USA to save Northvolt
3 MIN READ

Reconstruction in the USA to save Northvolt

Northvolt: Negotiations are still ongoing
3 MIN READ

Northvolt: Negotiations are still ongoing

Higher Compensation for Job Interviews in Another Location
1 MIN READ

Higher Compensation for Job Interviews in Another Location

Vehicle Giant Warns of Challenges in 2025
1 MIN READ

Vehicle Giant Warns of Challenges in 2025

Unchanged interest rate in Turkey
1 MIN READ

Unchanged interest rate in Turkey

Trump anxiety in the EU over US tariffs
3 MIN READ

Trump anxiety in the EU over US tariffs

Weak demand for scrapping premium
1 MIN READ

Weak demand for scrapping premium

E-fuel company takes in half a billion
1 MIN READ

E-fuel company takes in half a billion

New Report Boost for AI Giant Nvidia's Share
2 MIN READ

New Report Boost for AI Giant Nvidia's Share

Stockholm Stock Exchange Turned Upwards
1 MIN READ

Stockholm Stock Exchange Turned Upwards

Bitcoin closer to the dream limit
1 MIN READ

Bitcoin closer to the dream limit

Higher fee to stop burning of plastic
2 MIN READ

Higher fee to stop burning of plastic