The stock market opens in the red, Boliden's share price plummets

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The stock market opens in the red, Boliden's share price plummets
Photo: Claudio Bresciani/TT

On the large-cap OMXS30 index, clothing giant H&M, which released its quarterly report this morning, fell 5 percent.

Boliden's shares plunged 18 percent. The mining group announced last night that the damage to the mine in Garpenberg will lead to lower production and weaker financial results than expected.

Telecom companies Telia and Tele2 bucked the trend with gains of 0.2 percent.

The price of oil rose 3 percent. A barrel of North Sea oil is trading at $105.

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By TT News AgencyEnglish edition by Sweden Herald, adapted for our readers

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