H&M Shares Drop 2.1% Amid Stockholm Stock Exchange Decline

Published:

H&M Shares Drop 2.1% Amid Stockholm Stock Exchange Decline
Photo: Viktoria Bank/TT

The Stockholm stock exchange fell on the first day of the trading week. The broad OMXS index decreased by 0,7 percent and the large-cap index OMXS30 lost 0,8 percent.

Worst in OMXS30 was the heat pump manufacturer Nibe, down 8.0 percent, after a surge on Friday in connection with the company's interim report. Index-heavy clothing giant H&M declined 2.1 percent.

Against the trend went the defense group Saab. The share rose 3.2 percent after the announcement that Thailand is buying four Gripen planes with a total order value of just over 5 billion kronor.

Among the smaller companies, a sharp price decline was noted in the leisure product company Thule after the major bank SEB lowered its recommendation for the company. The share fell 5.9 percent.

Last trading week ended with a clear rise on the Stockholm stock exchange after a speech by the American central bank chief Jerome Powell, in which he opened up for a reduction of the USA's interest rate in September.

The leading Asian markets followed suit during the night Swedish time and rose significantly, including in Hong Kong. The development on the major European exchanges was mixed: the DAX index in Frankfurt and the CAC index in Paris declined, while the London stock exchange rose slightly.

In the currency market, the krona weakened marginally against both the dollar and the euro, which at the close of trading cost 11.14 kronor. One dollar cost 9.54 kronor.

Tags

Author

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

More news

US Tariffs on Swedish Timber Threaten Sawmill Profitability

US Tariffs on Swedish Timber Threaten Sawmill Profitability

Tips for Selling Gold: What to Consider Beforehand

Tips for Selling Gold: What to Consider Beforehand

Gold Prices Surge as Complaints Against Private Sellers Rise

Gold Prices Surge as Complaints Against Private Sellers Rise

US Stock Market Closes Mixed After Strong Week

US Stock Market Closes Mixed After Strong Week

Nelly Wins Case Against Shein but Must Pay Legal Costs

Nelly Wins Case Against Shein but Must Pay Legal Costs

Offline Card Purchases Coming by Summer 2026 in Sweden

Offline Card Purchases Coming by Summer 2026 in Sweden

Storm Amy Drives Electricity Prices to Zero in Southern Sweden

Storm Amy Drives Electricity Prices to Zero in Southern Sweden

Blue and yellow IKEA continues to grow in the US - buys a large property in central New York as part of its expansion

Blue and yellow IKEA continues to grow in the US - buys a large property in central New York as part of its expansion

Clas Ohlson Warehouse Staff Face Termination Over New Agreement

Clas Ohlson Warehouse Staff Face Termination Over New Agreement

Stockholm Leads Europe in Stock Market Growth with Verisure Listing

Stockholm Leads Europe in Stock Market Growth with Verisure Listing

Oskarshamn Nuclear Reactor Restart Delayed Again

Oskarshamn Nuclear Reactor Restart Delayed Again

Financial Supervisory Authority Warns of Growing Scam List

Financial Supervisory Authority Warns of Growing Scam List

Service Sector Shows Clear Recovery in September Index

Service Sector Shows Clear Recovery in September Index

Second-Highest Rent Increase in Over 20 Years Reported This Year

Second-Highest Rent Increase in Over 20 Years Reported This Year

Stockholm Stock Market Rises for Sixth Consecutive Day

Stockholm Stock Market Rises for Sixth Consecutive Day

International Flights Rise in Sweden This Year

International Flights Rise in Sweden This Year

Japanese Stock Market Rises as Technology Shares Surge

Japanese Stock Market Rises as Technology Shares Surge

Swedish Apartment Prices Drop Since 2021: Where They Fell Most

Swedish Apartment Prices Drop Since 2021: Where They Fell Most

Lyten Signs Collective Agreement After Northvolt Acquisition

Lyten Signs Collective Agreement After Northvolt Acquisition

Democrat Urges Trump to Release Job Figures Amid Government Shutdown

Democrat Urges Trump to Release Job Figures Amid Government Shutdown