Stockholm Stock Exchange loses, Sinch crashes

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Stockholm Stock Exchange loses, Sinch crashes
Photo: Pontus Lundahl/TT

The Stockholm Stock Exchange opened Tuesday slightly lower. A few minutes into the trading day, the broad index OMXS was down 0.1 percent.

On the OMXS30 large-cap list, Tele2 and H&M lead the index, rising 0.9 percent and 0.7 percent, respectively. At the bottom is Sandvik, which loses 1.2 percent.

Cloud services company Sinch falls 10 percent after reporting revenue below expectations. Directory information company Truecaller plummets 12 percent after releasing a report in line with preliminary figures.

The Tokyo stock market continues to fall on Tuesday, while stock markets in mainland China and Hong Kong remain closed for the Chinese New Year. On Wall Street, futures are pointing down ahead of the reopening of US stock markets after the long weekend.

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

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