Stock Market Stagnates as Workshop Companies Face Declines

The Stockholm stock exchange began the trading week downward, but the broad OMXS index recovered on Monday afternoon and closed unchanged.

» Published: May 05 2025

Stock Market Stagnates as Workshop Companies Face Declines
Photo: Claudio Bresciani/TT

The reporting parent company Ratos, with the retail chain Plantagen in its portfolio, reports a significant profit increase for the first quarter. The share price rose 7.6 percent.

Car manufacturer Volvo Cars fell 0.9 percent after a report showing that sales fell 11 percent year-on-year to 58,881 cars in April.

Among the most traded stocks in the OMXS30 index, heavy industry stocks such as Sandvik and AB Volvo fell, down 0.8 and 0.7 percent, respectively. Fashion giant H&M also weighed down with a 0.9 percent decline.

Among others, real estate company SBB rose 2.1 percent, and investment company Kinnevik rose 1.1 percent in the OMXS30.

The dollar was pressured downward against other currencies and was below 9.60 kronor per dollar during the night. It recovered during the day and cost 9.65 kronor at the close of trading.

The development was mixed on the leading European stock exchanges: up in Frankfurt and London, but down in Paris. The stock exchanges in Tokyo, Hong Kong had closed for a holiday on Monday.

On the commodity market, the oil price fell following the weekend's announcement from Opec countries and Russia to increase production in June – despite the dampening of demand due to the uncertain world economy.

Last Friday, the OMX index on the Stockholm Stock Exchange rose 1.2 percent. After Monday's trading, the index has lost 1.

Loading related articles...

Tags

TTT
By TTTranslated and adapted by Sweden Herald
Loading related posts...