Stockholm Stock Exchange opens in positive territory

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Stockholm Stock Exchange opens in positive territory
Photo: Claudio Bresciani/TT

The Stockholm Stock Exchange begins the last day of the trading week with a small increase. After a few minutes of trading, the broad OMXS index is up 0.2 percent.

The movements are generally small in the opening. On OMXS30, industrial conglomerate Lifco takes the lead and is up 1.3 percent. Mining company Boliden and defense group Saab are also up around 0.8 percent each.

On the downside are pharmaceutical company Astra Zeneca, down 0.8 percent, and tissue manufacturer Essity, which is down 0.4 percent.

The leading stock markets in Asia have risen significantly overnight and this morning. Tokyo's Nikkei 225 index is up 1.4 percent and Hong Kong's Hang Seng index is up 1.7 percent.

Renewed concerns about overvalued AI stocks sent Wall Street reeling on Thursday. Cloud services company Oracle fell like a rock after a quarterly report that missed expectations, and its stock was down 10.8 percent at the close.

The Dow Jones Industrial Average climbed 1.3 percent to close at a new record high, but the S&P 500, up 0.2 percent, and the tech-heavy Nasdaq Composite Index, down 0.3 percent, held firm.

The Swedish krona weakened on Thursday. On Friday, one dollar costs 9.25 kronor and one euro costs 10.86 kronor.

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By TTEnglish edition by Sweden Herald, adapted for our readers

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