Stockholm stock market falls for
Photo: Pontus Lundahl/TT

Stockholm stock market falls for third straight day as oil prices rise

The Stockholm Stock Exchange closed in the red for the third day in a row as oil prices continue to rise.

The fall intensified during the day and at the close the OMXS index had fallen by 0.7 percent.

A few companies went against the tide, including air-source heat pump manufacturer Nibe, which rose 1.6 percent. The company usually performs strongly in connection with rising energy prices. Among other things, oil prices have risen recently due to increased concerns about the Iran war. At 5:30 p.m., a barrel of North Sea oil cost just over $95.

Among the biggest losers today was vehicle manufacturer Volvo, which fell 1.9 percent. Outside the OMXS30 list, car manufacturer Volvo Cars lost 4.4 percent in the wake of the red sales figures presented in the morning.

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