The Stockholm Stock Exchange rose – but ended in minus

The Stockholm stock exchange opened Thursday's trading slightly up, but the trend turned and the broad OMXS index closed at minus 0.2 percent.

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The Stockholm Stock Exchange rose – but ended in minus
Photo: Fredrik Sandberg/TT

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The real estate company SBB continued its downward trend, and fell the most among all large companies on the OMXS30 list, 3.6 percent. It was also dark for the measurement technology company Hexagon and the hygiene company Essity, with minus 1.4 and 1.2 percent, respectively.

The strongest performer was the appliance giant Electrolux, up 5 percent. The bearing manufacturer SKF landed on a plus 3.7 percent, and the heat pump manufacturer Nibe rose 3.3 percent.

On Thursday morning, preliminary statistics from the Statistics Sweden (SCB) showed that inflation according to the KPIF measure increased unexpectedly much, to 2.9 percent in February.

The krona strengthened slightly after the announcement. One euro now costs 10.98 kronor, for the first time in two years below 11 kronor, while the dollar is at 10.14.

On the leading stock exchanges in Europe, the bids were mixed. At the close in Stockholm, Frankfurt and Paris had risen, but London was down.

On Wall Street in New York, the prices have fallen clearly after the opening.

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By TTEnglish edition by Sweden Herald, adapted for local and international readers

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