Stockholm Stocks Rally 1.6% as Telia and Tele2 Fall

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Stockholm Stocks Rally 1.6% as Telia and Tele2 Fall
Photo: Christine Olsson/TT

Rising oil prices and market interest rates weighed on the Stockholm Stock Exchange yesterday. On Friday, sentiment was much more upbeat.

Among the most traded stocks in the OMXS30 index, mining group Boliden rose the most, gaining 4.7 percent. Alfa Laval rose 3.1 percent, while EQT, a venture capital company in the Wallenberg sphere, gained 2.9 percent.

Telecom operators Telia and Tele2 fell, down 3.8 and 1.8 percent respectively.

Wall Street was also pointing upwards in early trading, led by tech stocks.

Over the week, the OMXS index has edged up nearly 0.1 percent.

Sweden's economy grew by 1.1 percent in August compared with the previous month, according to the GDP indicator published by Statistics Sweden (the national statistics agency) this morning.

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By TT News Agency. English edition by Sweden Herald, adapted for our readers

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