Stock Market Rises – SCA Goes Against the Trend

» Published: July 26 2024

Stock Market Rises – SCA Goes Against the Trend
Photo: Anders Wiklund/TT

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The Stockholm stock exchange traded on the plus side on Friday.

At the close, the broad index had risen by 0.6 per cent.

However, both the measurement technology group Hexagon and the forestry company SCA, which presented their interim reports in the morning, went against the trend. Hexagon fell by 3.3 per cent and SCA dropped by 5.3 per cent. The heat pump manufacturer Nibe also fell, by 1.7 per cent.

The best performers on the OMXS30 index, which includes the most traded shares, were the lock group Assa Abloy, which rose by 2.2 per cent, and the investment company Kinnevik, up by 2.0 per cent. The automation group ABB also rose, by 1.8 per cent, and the network casino company Evolution gained 1.8 per cent.

Among the shares in the OMXS30 index, only four ended on a minus.

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

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