Rise strengthened on the Stockholm
Photo: Pontus Lundahl/TT

Rise strengthened on the Stockholm Stock Exchange

Today's rise on the Stockholm Stock Exchange strengthened further in the afternoon. At close, the OMXS index was up 1.4 percent.

The positive movement in the stock market followed a report in The Wall Street Journal that President Donald Trump is prepared to end the war with Iran, even if the Strait of Hormuz remains closed to traffic.

On the Stockholm Stock Exchange, 27 of the 30 companies on the OMXS30 list closed in the red; mining company Boliden was the top gainer. The stock, which has fallen sharply recently, has now recovered slightly, rising 4.7 percent.

Clothing company H&M rose 1.8 percent after reports of insider buying from the Persson family.

Volvo Cars said in connection with its annual general meeting that it is increasing its ownership in Polestar. Its shares closed up 1.9 percent.

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