Stockholm Stock Exchange Turns Higher as Saab and Boliden Lead Gains
Photo: Christine Olsson/TT

Stockholm Stock Exchange Turns Higher as Saab and Boliden Lead Gains

The Stockholm Stock Exchange opened slightly lower but quickly turned positive as the trading week began. The OMXS index was up 0.4 percent after just over half an hour of trading.

The defence group Saab and mining group Boliden are the biggest gainers, up 1.8 and 1.7 percent respectively.

Telecoms manufacturer Ericsson and clothing retailer H&M are weighing on the market, down 0.5 and 0.7 percent respectively.

Most Asian stock markets have risen overnight, with technology stocks in Tokyo and Taiwan surging after last week's setback.

Wall Street rebounded on Friday after sharp falls on Thursday, particularly among stocks exposed to AI. The tech-heavy Nasdaq ended the week up 1.1 percent, reducing its decline over the turbulent week to 3.3 percent.

The Stockholm Stock Exchange's OMXS index fell 0.8 percent on Friday. Since the start of the year, the index has risen 9.2 percent.

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AuthorTT News AgencyEnglish edition by Sweden Herald, adapted for our readers
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