A little sour on the stock market – but Ericsson lifted

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A little sour on the stock market – but Ericsson lifted
Photo: Claudio Bresciani/TT

Index-heavy Ericsson went against the grain in Wednesday's trading on the Stockholm Stock Exchange. The broad OMXS index fell 0.5 percent.

At the bottom of the large-cap index OMXS30 was mining equipment manufacturer Epiroc, which fell 6.8 percent after its quarterly report. SKF fell 3.5 percent, despite the ball bearing giant reporting sales in line with forecasts.

Telecom giant Ericsson and mining company Boliden pushed up the OMXS30, rising 3.9 and 1.3 percent respectively.

Traton, which owns truck manufacturer Scania, reported a sharp drop in profit in the latest quarter, but the company's order intake rose. The share rose 2.9 percent. Hotel chain Scandic, which also reported an interim report, lost 0.9 percent,

This morning, fresh GDP figures for the third quarter were released, showing that the Swedish economy grew more than expected.

Developments on the leading European stock exchanges were mixed: up in London and down in Frankfurt and Paris.

On the foreign exchange market, the krona strengthened slightly against the dollar and the euro. At the close of trading, one dollar cost 9.36 kronor and one euro 10.91 kronor.

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By TTEnglish edition by Sweden Herald, adapted for our readers

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