Stock Market Edges Up as Mining Companies Lead Gains

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Stock Market Edges Up as Mining Companies Lead Gains
Photo: Claudio Bresciani/TT

The Stockholm stock exchange's broad OMXS index circled around zero on Monday and closed at plus 0.3 percent.

Among the heavyweights in the OMXS30 index, the mining company Boliden performed the best, up 3.9 percent. Also, several engineering companies performed strongly, among them Nibe and Atlas Copco, which rose 1.8 and 1.6 percent, respectively.

Among the losers were the defense group Saab, down 2.4 percent, despite the announcement that the company had received a billion-order for submarine material and services from the Defense Materiel Administration. The telecom and internet operators Telia and Tele2 fell 1.8 and 1.7 percent, respectively.

On the leading European stock exchanges, the index movements were small, as in Stockholm. The Frankfurt stock exchange rose by about 0.5 percent, while the London and Paris stock exchanges closed near zero.

The world market price of gold continued to rise to $4,095 per ounce, equivalent to 1,373 kronor per gram. And the krona strengthened slightly against both the euro and the dollar, which cost 10.99 and 9.50 kronor, respectively, when the stock exchange closed.

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By TTEnglish edition by Sweden Herald, adapted for our readers

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