Stockholm stock market slightly up ahead of the Christmas holiday as Saab rises

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Stockholm stock market slightly up ahead of the Christmas holiday as Saab rises
Photo: Pontus Lundahl/TT

The Stockholm Stock Exchange rose slightly ahead of the Christmas holiday. The OMXS index closed up 0.2 percent.

Among the heavyweights, the defense group Saab rose by 3.2 percent after a new billion-dollar order, now from Lithuania.

Telecom operators Telia and Tele2 are other heavy winners, up 1.0 percent and 0.6 percent respectively.

The major banks also performed well. Swedbank and Handelsbanken climbed by 0.9 and 0.7 percent respectively, and Nordea increased by 0.6 percent.

Among the heavier losers were telecoms manufacturer Ericsson, down 0.8 percent. Industrial conglomerate Lifco and mining equipment manufacturer Epiroc fell by 0.7 and 0.6 percent, respectively. Construction group Skanska also lost 0.6 percent.

Diet giant Novo Nordisk started with strong price increases on the Copenhagen Stock Exchange after receiving the go-ahead for a pill version of the diet drug Wegovy in the US. The stock closed up 9.2 percent.

At the close of the Stockholm Stock Exchange, the London and Frankfurt stock exchanges were trading in the red, while Paris was down.

The New York Stock Exchange's three leading indexes also pointed to gains in early trading. The US economy grew at an annualized rate of 4.3 percent in the third quarter, according to inflation-adjusted federal data. That was more than expected and the highest growth rate in two years.

The Swedish stock exchange will take a holiday break for the rest of the week with Tuesday's closing.

In the shadow of the stock market rally, the Swedish krona is hovering at its strongest rate against the dollar since 2022, 9.18 kronor per dollar.

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

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