Stockholm stock market reverses course
Photo: Pontus Lundahl/TT

Stockholm stock market reverses course to end higher after strong US jobs data

Unexpectedly strong jobs figures from the US briefly pushed the Stockholm stock market lower. But in the final stretch, sentiment lifted it to a slight gain.

At the close, the OMXS index had gained 0.2 percent.

This afternoon's US labour market report showed that more jobs than expected were created in August, which caused the stock market to tremble.

Engineering giant Sandvik finished on top, up 2.6 percent. H&M also had a strong day, rising 1.8 percent.

Among today's losers was the measurement technology company Hexagon, which fell 1.4 percent.

Among the smaller companies, the gadget chain Clas Ohlson was down 5.1 percent after Thursday's sharp rise. Nordea has lowered its recommendation for the stock in an updated analysis, writes Dagens Industri.

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