Stockholm Stock Exchange Ends Week with 1.3% Decline

The Stockholm stock exchange fell to minus on the last day of the trading week. At closing, the broad OMXS index was down 1.3 percent.

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Stockholm Stock Exchange Ends Week with 1.3% Decline
Photo: Claudio Bresciani/TT

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Several companies have submitted interim results in the morning. The food conglomerate Axfood exceeded expectations and the stock rose during the morning but landed at closing at minus 1.0 percent. The building materials chain Byggmax also reported positive figures and rose by 7.3 percent.

It is going worse for the housing developer JM which plummeted 9.4 percent because the interim report showed both declining sales and a significant increase in the number of unsold homes.

Among the heavyweights on the OMXS30 index, all are declining except for the telecom company Tele2 which closed at plus 0.1 percent and the defense conglomerate Saab which closed at zero.

The leading stock exchanges in Europe declined just like the Stockholm stock exchange. London's FTSE100, French CAC40 and German DAX index pointed downwards at Friday's closing.

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

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