Stockholm Stock Exchange Closes Down 0.2 Percent Amid Market Fluctuations

After an increase at lunchtime, the Stockholm stock exchange's broad OMXS index retreated on Wednesday afternoon and closed at minus 0.2 percent.

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Stockholm Stock Exchange Closes Down 0.2 Percent Amid Market Fluctuations
Photo: Claudio Bresciani/TT

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Downward trend among the heavyweights in the OMXS30 index, including among others the telecom operator Tele2 and the bearing manufacturer SKF, which fell back 2.8 and 1.8 percent respectively.

The best performance was shown by the heat pump manufacturer Nibe, up 3.5 percent, and the pharmaceutical giant Astra Zeneca which rose 2.8 percent. The four major banks also had a good day, for example Nordea rose 1.1 percent.

On the leading European stock exchanges, the index movements were small. While the London stock exchange closed near zero, the indices in Frankfurt and Paris rose a few tenths of a percent.

The Stockholm stock exchange has now risen 2.8 percent since the turn of the year.

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

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