Falling oil prices and rising
Photo: Fredrik Sandberg/TT

Falling oil prices and rising Stockholm Stock Exchange

The Stockholm Stock Exchange rose 1.3 percent on Wednesday, while oil prices fell. But shares in three of the four major banks declined.

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On the OMXS30 list of the most-traded stocks, the private equity firm EQT and the forestry company SCA topped the list, up 5.5 and 2.9 percent respectively. Mining giant Boliden rose 2.7 percent.

Things were significantly worse for the three major banks trading without dividend rights.

Swedbank fell 7.1 percent, while Nordea and SEB fell 4.5 and 3.8 percent, respectively.

Handelsbanken fared better, up 2.2 percent.

The price of oil fell 3 percent during the day to $101.4 a barrel for North Sea oil.

The stock exchanges in Frankfurt, London and Paris are also showing clearly rising prices, and the same trend is visible in New York.

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