Stockholm Exchange Sees Slight Gains Amid Mixed European Markets

The Stockholm Stock Exchange closed near zero on Wednesday after a recovery in the late afternoon trading. The broad OMXS index rose 0.1 percent.

» Published:

Stockholm Exchange Sees Slight Gains Amid Mixed European Markets
Photo: Henrik Montgomery/TT

Share this article

However, most of the shares in the OMXS30 large-cap index fell. Today's decline was led by Saab. The share fell 5.3 percent after Danske Bank set a sell rating on the defense conglomerate.

Against the trend, Investmentbolaget Investor rose after the announcement that its subsidiary Advanced Instruments is buying an American company for over 22 billion kronor. Additionally, it was reported that the CEO of Investor made an insider purchase of 1.1 million kronor. The share rose 1.2 percent.

However, the best performer in the OMXS30 was the industrial company ABB, which rose 3.3 percent. The heavily weighted fashion giant H&M rose 1.5 percent.

Skistar, which released its interim report in the morning, surged during the morning but then lost some momentum. The share closed 2.9 percent up.

Among other companies with significant price reactions, Raysearch stood out. The medical technology company fell 14.2 percent after the company's founder sold shares for around 1.5 billion kronor on Tuesday.

Truck manufacturer Traton fell sharply, down 5.4 percent, after Volkswagen announced that it had sold around 2 percent of its shares in the company.

On the currency market, the krona weakened against both the euro and the dollar. One euro cost 11.01 kronor and one US dollar cost 10.12 kronor at the close of trading.

On the leading European stock exchanges, the trend was mixed. The CAC40 index in Paris performed the best, rising nearly 1 percent.

Tags

Author

TTT
By TTEnglish edition by Sweden Herald, adapted for local and international readers

More news

France's Credit Rating Downgraded by Fitch

France's Credit Rating Downgraded by Fitch

Microsoft Gains Amid Mixed US Market

Microsoft Gains Amid Mixed US Market

FTC Investigates Google and Amazon Over Advertising Practices

FTC Investigates Google and Amazon Over Advertising Practices

US Proposes G7 Tariffs on China and India Over Russian Oil Purchases

US Proposes G7 Tariffs on China and India Over Russian Oil Purchases

Taco Bell Plans Expansion into Sweden with First Stockholm Location

Taco Bell Plans Expansion into Sweden with First Stockholm Location

Russia's Central Bank Makes Smaller Than Expected Interest Rate Cut

Russia's Central Bank Makes Smaller Than Expected Interest Rate Cut

ECB Officials Divided on Future Interest Rate Decisions

ECB Officials Divided on Future Interest Rate Decisions

Klarna CEO Secures Billion-Kronor Loan to Buy Out Co-Owner

Klarna CEO Secures Billion-Kronor Loan to Buy Out Co-Owner

Six Suspects in Consultant Scandal Face Charges After Spain Raid

Six Suspects in Consultant Scandal Face Charges After Spain Raid

Microsoft to Remove Teams from Office Package in EU Agreement

Microsoft to Remove Teams from Office Package in EU Agreement

UK Economy Growth Stagnant in July as GDP Remains Unchanged

UK Economy Growth Stagnant in July as GDP Remains Unchanged

German Inflation Rises to 2.2 Percent in August

German Inflation Rises to 2.2 Percent in August

Global Stock Markets Rise Slightly Ahead of Expected US Rate Cut

Global Stock Markets Rise Slightly Ahead of Expected US Rate Cut

Insurance Guide: What to Know After Västernorrland Floods

Insurance Guide: What to Know After Västernorrland Floods

Asian Stock Markets Rise on Week's Last Trading Day

Asian Stock Markets Rise on Week's Last Trading Day

Trump Seeks Court Approval to Dismiss Fed Member Before Rate Decision

Trump Seeks Court Approval to Dismiss Fed Member Before Rate Decision

Warner Bros Discovery Surges on Wall Street Amid Paramount Bid Rumors

Warner Bros Discovery Surges on Wall Street Amid Paramount Bid Rumors

US Inflation Matches August Expectations

US Inflation Matches August Expectations

ECB Keeps Interest Rates Steady

ECB Keeps Interest Rates Steady

Novo Nordisk to End Remote Work in 2024

Novo Nordisk to End Remote Work in 2024