Stockholm Stock Exchange Hits High as Saab Shares Surge

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Stockholm Stock Exchange Hits High as Saab Shares Surge
Photo: Claudio Bresciani/TT

The Stockholm stock exchange gained further momentum as the US inflation figure came in slightly lower than expected. The broad index OMXS rose 1.1 percent. Several reporting companies acted as locomotives on the large-cap list OMXS30, which on Friday was traded at new record levels.

Saab reported an increase of 6.1 percent. The defense group reports an unexpectedly high profit for the third quarter and raises the sales forecast for 2025.

The forest company SCA increased 3 percent on its report where the result came in slightly above expectations. The industrial conglomerate Lifco reported an increase of 10.1 percent.

At the bottom of the OMXS30 is Boliden, which fell back 1.8 percent. Tele 2 also fell, down 1.2 percent.

The construction company Byggmax reduced sales but increased profitability. The share plummeted 15.7 percent.

Developments on the leading European stock exchanges were mixed, London and Frankfurt were traded upwards while Paris was traded slightly downwards when the Stockholm stock exchange closed.

The New York stock exchange pointed clearly upwards in the initial trading, after the country's consumer price index showed that inflation did not increase as much as analysts had previously thought. The US inflation landed in September at an annual rate of 3 percent, compared to expected 3.1 percent.

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By TTEnglish edition by Sweden Herald, adapted for our readers

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