Stockholm Stock Exchange Ends Flat After Early Decline

Stockholm stock exchange closed sideways after having clearly turned downwards during the trading day.

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Stockholm Stock Exchange Ends Flat After Early Decline
Photo: Claudio Bresciani/TT

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At the top of the OMXS30 list of major companies was the cloud service company Sinch, which rose 3.9 percent. The defense group Saab also increased 2.11 percent. It is the sixth trading day in a row that the stock has risen. The mining company Boliden closed with a plus of 1.3 percent.

At the bottom of the index, the heat pump company Nibe struggled, instead falling back 2.3 percent. There were also the engineering company Atlas Copco and the measurement technology company Hexagon, minus 1.9 and 1.7 percent, respectively.

The Swedish krona weakened against several other currencies after the morning's expected interest rate decision from the Swedish Central Bank. At the close of the stock exchange, one dollar costs 9.60 kronor, while one euro costs 11.06 kronor.

Later in the evening, the US central bank, the Federal Reserve, will also announce its interest rate decision. The Fed is expected, however, to leave the interest rate unchanged again.

Out in Europe, the stock exchanges mostly pointed downwards, where the Frankfurt stock exchange and Paris fell 0.4 percent and 0.3 percent.

After a few hours of trading on Wall Street, the trend is pointing upwards.

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

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