Stockholm Stock Market Rises for Sixth Consecutive Day

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Stockholm Stock Market Rises for Sixth Consecutive Day
Photo: Stina Stjernkvist/TT

The Stockholm stock exchange rose on Friday – for the sixth day in a row. The broad OMXS index lifted 0.9 percent.

The world's stock exchanges showed a strong trend last week. In the US as well as on several larger stock exchanges in Europe, new records were constantly noted, and in Stockholm the index rose every day throughout the week.

And the trading week ended in the same way. This meant that the OMXS rose a total of 3.7 percent during the upswing. But calculated from the turn of the year, the index has only increased 5.5 percent, which makes Stockholm one of the weaker stock exchanges in Europe this year, seen from the index development.

Among Friday's winners on the heavyweight list OMXS30 were engineering companies such as Epiroc, Sandvik and Atlas Copco. The mining equipment company Epiroc performed the best, up 2.8 percent.

A few companies in the OMXS30 closed on minus, among them the technology trading company Addtech, which fell back 1.0 percent.

In the currency market, the krona was strengthened slightly. A dollar cost 9.36 kronor at the close of trading and a euro 11 kronor exactly.

On the leading European stock exchanges, the development was mixed. The indexes in London and Paris rose, while the Frankfurt stock exchange fell slightly.

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By TTEnglish edition by Sweden Herald, adapted for our readers

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