Banks Decline Amid Cautious Stockholm Stock Market

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Banks Decline Amid Cautious Stockholm Stock Market
Photo: Tomas Oneborg/SvD/TT

Trading on the Stockholm stock exchange was cautious on Wednesday while waiting for a quarterly report from the American semiconductor giant Nvidia. The broad OMXS index closed at minus 0.3 percent.

The major banks declined noticeably, in particular Handelsbanken which lost 2.2 percent. Also the other banks were found at the bottom of the large company index OMXS30, which decreased 0.4 percent.

In the opposite direction, primarily the tissue paper company Essity and the engineering company Alfa Laval went up, 1.3 and 1.0 percent respectively.

Among the smaller companies on the stock exchange, Intrum announced that the debt collection company had appointed a new financial manager, Masih Yazdi, who most recently came from the major bank SEB. The price rose sharply after the stock market opening, but the share fell back and closed unchanged.

Anand Srivatsa, CEO of Tobii which operates within eye control, is leaving the job and moving back to the USA. The share fell 6.2 percent.

In the currency market, the krona was strengthened against the euro, which cost 11.10 kronor at the stock market close. The dollar was largely unchanged from Tuesday and cost 9.56 kronor.

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By TTEnglish edition by Sweden Herald, adapted for our readers

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