The Stock Exchange Started September Downwards

The Stockholm Stock Exchange began the month of September on a downward trend, and fell by 0.3 percent. Against the trend, however, were Telia and Tele2, both of which had a good trading day.

» Updated:

» Published:

The Stock Exchange Started September Downwards
Photo: Anders Wiklund/TT

Share this article

Among the most traded shares, the defense conglomerate Saab and the real estate company SBB fell the most, down 5.5 and 4.3 percent, respectively.

Several major banks had a good trading day. Handelsbanken rose 0.5 percent after announcing the completion of the planned divestment of its small and medium-sized business operations in Finland. Swedbank's share price rose 0.6 percent, while SEB increased 0.2 percent.

Telia and Tele2, the telecom companies, also rose on Monday. Telia increased 1.6 percent, while Tele2 rose 0.8 percent.

A majority of the OMXS30-listed shares closed in the red, and the index fell overall by 0.2 percent.

Wind power company OX2 has announced that it has handed over the Krasnik wind farm in Poland to Equitix and signed a 15-year management agreement. The share price rose 0.3 percent.

The stock exchanges on Wall Street are closed on Monday due to the Labor Day holiday. The development on the leading exchanges in Europe was mixed, although market movements were generally weak.

The krona is hovering around its highest level since March against the dollar, at around 10.25 kronor. One euro costs 11.35 kronor, one of the strongest krona exchange rates since the beginning of July.

Tags

Author

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

More news

Stockholm Stock Exchange Set for Positive Opening

Stockholm Stock Exchange Set for Positive Opening

Billerud to Cut Up to 650 Jobs Amid Cost-Saving Measures

Billerud to Cut Up to 650 Jobs Amid Cost-Saving Measures

Reduced Benefits Linked to Poorer School Results and Increased Crime

Reduced Benefits Linked to Poorer School Results and Increased Crime

Swedish Companies Face Record 12-Quarter Economic Slump

Swedish Companies Face Record 12-Quarter Economic Slump

Asian Stocks Rise Following US Fed Interest Rate Cut

Asian Stocks Rise Following US Fed Interest Rate Cut

Blackstone to Invest £90 Billion in UK Projects Over Next Decade

Blackstone to Invest £90 Billion in UK Projects Over Next Decade

Wall Street Mixed as Fed Cuts Interest Rate but Signals Caution

Wall Street Mixed as Fed Cuts Interest Rate but Signals Caution

Fed Lowers Interest Rate by 0.25 Points, Signals More Cuts This Year

Fed Lowers Interest Rate by 0.25 Points, Signals More Cuts This Year

China Urges Tech Giants to Halt Nvidia AI Chip Purchases

China Urges Tech Giants to Halt Nvidia AI Chip Purchases

Jerry Greenfield Departs Ben & Jerry's, Citing Silencing by Unilever

Jerry Greenfield Departs Ben & Jerry's, Citing Silencing by Unilever

Avanza Introduces Digital Trading on London Stock Exchange

Avanza Introduces Digital Trading on London Stock Exchange

Uber Introduces Safari Tours in Kenya's Nairobi National Park

Uber Introduces Safari Tours in Kenya's Nairobi National Park

Swedish Inflation Expectations Rise Slightly in Latest Survey

Swedish Inflation Expectations Rise Slightly in Latest Survey

Sweden's Unemployment Rate Stays High in August

Sweden's Unemployment Rate Stays High in August

Stockholm Stock Exchange Sees Modest Gain Led by H&M

Stockholm Stock Exchange Sees Modest Gain Led by H&M

Verisure Returns to Stockholm Stock Exchange with Major Listing

Verisure Returns to Stockholm Stock Exchange with Major Listing

Oracle and Partners to Acquire TikTok's US Operations

Oracle and Partners to Acquire TikTok's US Operations

Taco Bell to Open First Sweden Location in Stockholm Winter 2025

Taco Bell to Open First Sweden Location in Stockholm Winter 2025

Retail Outlook Brightens as Consumer Spending Set to Boost Economy

Retail Outlook Brightens as Consumer Spending Set to Boost Economy

SBAB Predicts Stable Housing Prices Despite Autumn Interest Rate Cut

SBAB Predicts Stable Housing Prices Despite Autumn Interest Rate Cut