Stockholm Stock Exchange rebounds as
Photo: Christine Olsson/TT

Stockholm Stock Exchange rebounds as Saab surges on NATO aircraft report

The opening was in the red, but by the end of the day the Stockholm Stock Exchange had clearly risen - with Saab as one of the driving forces. At the close, the broad OMXS index was up 1 percent.

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Saab rose 8.6 percent after Reuters reported that the NATO alliance plans to replace a current surveillance aircraft with a variant manufactured by the Swedish defence group.

On the large-cap OMXS30 list, Astra Zeneca also performed well, up 4.9 percent. At the bottom of the list were mining group Boliden and engineering giant ABB, down 2.9 and 1.3 percent respectively.

The upbeat stock market sentiment was also evident in Europe, where London, Paris and Frankfurt all closed moderately to sharply higher.

On the commodities market, oil prices continued to fall. A barrel of North Sea oil cost less than $71 at 5:30 p.m.

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