Stockholm Stock Exchange Rises Broadly Despite Saab's Sharp Decline

Published:

Stockholm Stock Exchange Rises Broadly Despite Saab's Sharp Decline
Photo: Caisa Rasmussen/TT

The Stockholm stock exchange rose broadly on Tuesday. 27 of 30 shares in the large-cap index OMXS30 closed on plus.

The OMXS index, which lists all the stocks on the exchange, rose 1.4 percent, while the OMXS30 increased 1.3 percent.

Among the winners were several industrial companies, such as Alfa Laval and Atlas Copco, which rose 4.3 and 2.9 percent, respectively. The mining industry also performed well, with increases for both Boliden and Epiroc, both of which rose over 2 percent.

Going against the trend was primarily Saab, down 7.0 percent. The stock fell, like many other defense stocks, as hopes for an end to the war in Ukraine increased after Monday's meeting in Washington between Presidents Donald Trump and Volodomyr Zelenskij and a number of Western European leaders.

Among the smaller companies, a rise was noted for the real estate company Balder, which rose 1.3 percent. The founder and CEO, Erik Selin, announced on Monday that he will leave at the annual meeting next year.

Internet operator Bahnhof, which reported a positive quarterly report on the morning, initially rose but then turned downward. The stock closed at a loss of 1.9 percent.

The development on the Stockholm stock exchange was in line with the development on the leading European markets. The Paris stock exchange performed the best, rising over 1 percent.

Loading related articles...

Tags

Author

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

More news

Loading related posts...