H&M fell hard on positive stock market

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H&M fell hard on positive stock market
Photo: Erik Simander/TT

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There were overall positive tones on the Stockholm Stock Exchange on Thursday. The broad OMXS index rose 1.4 percent, but for the clothing chain H&M, it was a gloomy day.

Among the most traded shares in the OMXS30 index, the mining company Boliden performed best, up 5.0 percent. The industrial conglomerate Sandvik and the measurement instrument manufacturer Hexagon rose by 3.9 and 3.8 percent, respectively.

A majority of the shares in OMXS30 closed on the plus side.

At the other end, H&M stood out, which in the morning reported new figures for the third quarter. The result was worse than expected, and the share fell 4.6 percent. Among the losers were also the real estate company SBB and the telecom company Tele2, down 4.6 and 2.2 percent, respectively.

With Thursday's rise, the OMXS has now risen 13 percent since the turn of the year.

Even on the major European stock exchanges, there were happy faces, especially in Paris, where the CAC index rose over 2 percent.

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

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