Stockholm Stock Exchange Closes Up 0.5% Amid EQT and Boozt Gains

The Stockholm stock exchange continues the week in major key and got a bit of extra speed during the afternoon – but at closing the increase had decreased. The broad index OMXS still ended the trading day with a plus of 0.5 percent.

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Stockholm Stock Exchange Closes Up 0.5% Amid EQT and Boozt Gains
Photo: Claudio Bresciani/TT

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On the large company list OMXS30, EQT was found at the top, rising 2 percent after information in the Spanish Expansión that the risk capital company is close to buying the Spanish telecom mast company Cellnex.

Among today's winners were also the bearing manufacturer SKF, up 2 percent, the forest company SCA, plus 1.7 percent, and the defense group Saab, which rose 1.5 percent after Thai media confirmed that the country's government has given the green light to the purchase of the Gripen fighter jet, which was previously communicated.

E-commerce giant Boozt rose 10.8 percent after a positive analysis from Danske Bank.

In the bottom of the large company list, the major banks Nordea, Swedbank, Handelsbanken and SEB were found, down between 0.3 and 0.5 percent.

Also in Europe, it was mostly cheerful. At the close in Stockholm, the stock exchanges in Frankfurt and London were up, while Paris fell slightly. After a few hours of trading in the USA, the indices pointed downwards after starting on a bright green note.

The Swedish service sector slowed down in July and came in below the growth limit, according to fresh figures.

A dollar costs 9.66 kronor and a euro 11.19 kronor at the close of the stock exchange.

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

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