Stockholm Stock Exchange rises - Scandic loses

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Stockholm Stock Exchange rises - Scandic loses
Photo: Pontus Lundahl/TT

The Stockholm Stock Exchange opened Wednesday with gains. A few minutes into the trading day, the broad OMXS was up 0.4 percent.

On the large-cap index OMXS30, Saab and Boliden are at the top, rising 2 and 1.2 percent, respectively. At the bottom is H&M, down 0.8 percent.

Hotel chain Scandic's shares plunged 7 percent after revenue came in below expectations.

The Tokyo Stock Exchange is up this morning, while the stock exchanges in China remain closed for the New Year celebrations.

The Swedish krona weakened slightly against both the US dollar and the euro on Tuesday. On Wednesday morning, one US dollar costs 8.98 kronor while the euro is trading at 10.62 kronor.

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

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