Stock market turned positive following
Photo: Fredrik Sandberg/TT

Stock market turned positive following its big siblings

Stock market sentiment rebounded after last week's declines. Stockholm followed leading global stock exchanges, and the broad OMXS index rose 0.3 percent.

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Among the most traded stocks, telecom manufacturer Ericsson topped the list, up 2.8 percent. The four major banks, SEB, Nordea, Swedbank and Handelsbanken, also performed well, with gains of 0.6–1.4 percent.

Online casino company Evolution performed worse, down 1.6 percent.

Stenbecksfären's Kinnevik fell 1.4 percent after Rubin Ritter was appointed acting CEO.

The price of North Sea oil is down to $102 per barrel. Iran has reportedly allowed foreign cargo ships through the disputed Strait of Hormuz, partly easing concerns about the consequences of war.

At the close in Stockholm, the stock exchanges in Frankfurt, London, Paris and New York were all clearly in the red.

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AuthorTT News AgencyEnglish edition by Sweden Herald, adapted for our readers
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