Stockholm Stock Exchange Starts Week with Gains as Nibe Leads

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Stockholm Stock Exchange Starts Week with Gains as Nibe Leads
Photo: Johan Hallnäs/TT

The Stockholm stock exchange began Monday with rising prices and thus continues the trend from Friday.

The broad OMXS index rose by 0.3 percent. Among the winners on the heavyweight list OMXS30, the heat pump company Nibe performed the strongest, up 5 percent. Other winners include the mining company Boliden, up 4.5 percent in line with the gold price reaching new record levels.

At the other end, the truck giant AB Volvo is noticeable, down 2.2 percent after a major bank lowered its recommendation.

Also, the leading European stock exchanges in London, Paris, and Frankfurt were on the plus side at the close in Stockholm.

During the night's Asian trade, it was largely up, even though the Tokyo stock exchange fell. The US stock exchanges closed on the plus side on Friday, and when the Stockholm stock exchange closed, the broad S&P 500 and Nasdaq's composite index pointed up, while the Dow Jones industrial index was traded down.

In the US, it's now becoming urgent to agree on the state budget (1 October), otherwise, shutdowns in the state apparatus are threatened again.

The oil price continues to fall. A barrel of North Sea oil now costs just over 67 dollars.

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By TTEnglish edition by Sweden Herald, adapted for our readers

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