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Saab the Heaviest Pull on a Merry Stock Exchange

The defence group Saab was the biggest draw when the Stockholm Stock Exchange rose on Monday, as did several other defence companies on European stock exchanges. The banking sector also performed very well in Stockholm.

» Published: February 17 2025

Saab the Heaviest Pull on a Merry Stock Exchange
Photo: Karin Wesslén / TT

At the close, the Saab share had climbed 16.2 percent, clearly the best on the OMXS30 index with the most traded shares. The stock exchange's broad OMX index rose 0.7 percent.

Behind the sharp rise for Saab lies the security conference in Munich over the weekend and the US's announcement to initiate peace talks with Russia about Ukraine, without Europe.

Several other defense companies also rose on the stock exchanges in Frankfurt, London, and Paris – which, like Stockholm, clearly pointed upwards on the first day of the trading week.

In Stockholm, the major banks also performed strongly. Nordea rose 2.3 percent, SEB 1.6 percent, and Handelsbanken and Swedbank both 1.5 percent.

At the bottom of the OMXS30 index was the cloud service company Sinch, down 4.7 percent. The heat pump manufacturer Nibe and the real estate company SBB fell 4.3 and 3.0 percent, respectively.

The New York Stock Exchange is closed on Monday due to a public holiday in the US.

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By TTThis article has been altered and translated by Sweden Herald
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