In the morning, the truck company Volvo AB came with a report showing falling profits. The stock plummeted 7.8 percent and placed itself at the bottom of the OMXS30 index.
A new bank panic has erupted after two regional banks in the USA on Thursday reported losses related to "bad loans". Credit concerns in the market are pulling down European stock exchanges in general and bank stocks more specifically.
Among the Swedish major banks, SEB backed down by 1 percent, Swedbank by 1.2 percent, Nordea by 1.3 percent and Handelsbanken by 0.4 percent. The Swedish risk capital company EQT fell by 4.6 percent.
The defense group Saab backed down by 4.4 percent. In the opposite direction, the network casino company Evolution went up by 1.1 percent.
Also on the leading European stock exchanges, the development pointed mostly downward. Frankfurt and London were down by 1.7 and 0.9 percent, respectively, when the Stockholm stock exchange closed, while Paris fluctuated around zero.
On Wall Street, the broad S&P 500 index and the technology-heavy Nasdaq composite index pointed downward in the initial trade, while the Dow Jones industrial index was slightly upward.
A dollar costs 9.45 kronor and a euro 11.03. A barrel of Brent oil costs 61.03 dollars.
