The Stock Market Starts the Christmas Week Slightly Downwards

The Stockholm Stock Exchange starts the Christmas week slightly down. The OMXS index has fallen 0,1 percent after one and a half hours of trading.

» Published: December 23 2024

The Stock Market Starts the Christmas Week Slightly Downwards
Photo: Anders Wiklund/TT

Among the most traded stocks in the OMXS30 index, game developer Evolution is plummeting by over 11 percent. The price collapse follows reports that British authorities are investigating the company's operations.

But not everything is falling in the Christmas trade.

The major banks are doing well. And real estate company SBB is surging upwards by almost 9 percent since the company calmed the market with statements about low risk of setbacks in the dispute with bondholders in a London court.

Astra Zeneca has received approval from the EU to use the medicine Tagrisso for treating patients with inoperable EGFR-mutated lung cancer. The stock is rising by 1.1 percent.

Defense contractor Saab is up by over 5 percent after receiving a new robot order from the Defence Materiel Administration (FMV).

Construction company Skanska has landed an order worth 1.1 billion kronor in Maryland, USA, to renovate Johns Hopkins University's main library. The stock is moving sideways.

Leading Asian stock exchanges have risen across the board during overnight trading, with price increases of over 1 percent on the Tokyo Stock Exchange. There were also broad gains on Wall Street at the end of last week.

The Stockholm Stock Exchange's OMXS index rose by 0.1 percent on Friday after Thursday's sharp price fall. With Monday's decline, the OMXS index is up by 5.1 percent since the turn of the year.

Tags

TTT
By TT - Translated and adapted by Sweden Herald under license from TT

More news

Asian Markets Show Mixed Movements
1 MIN READ

Asian Markets Show Mixed Movements as Investors Eye US Tariff Talks

Netflix Surpasses Market Forecasts with
1 MIN READ

Netflix Surpasses Market Forecasts with Strong Quarterly Earnings

United Health's Sharp Decline Weighs
1 MIN READ

United Health's Sharp Decline Weighs on Wall Street Indices

Civil Servant Strike Averted as
2 MIN READ

Civil Servant Strike Averted as New Agreements Reached

IMF Predicts Global Economy to
1 MIN READ

IMF Predicts Global Economy to Sidestep Recession Despite Trade Strains

Judge Rules Google Maintains Illegal
1 MIN READ

Judge Rules Google Maintains Illegal Monopoly in Digital Advertising

Electricians Secure New Deal with
1 MIN READ

Electricians Secure New Deal with Pay Raises and Shorter Hours

US Economy Shows New Signs
2 MIN READ

US Economy Shows New Signs of Weakness with Housing and Manufacturing Slumps

Jonathan Anderson Named Dior Menswear
1 MIN READ

Jonathan Anderson Named Dior Menswear Creative Director

Eli Lilly Shares Surge After
1 MIN READ

Eli Lilly Shares Surge After Promising Weight Loss Pill Results

ECB Lowers Rates Again, More
3 MIN READ

ECB Lowers Rates Again, More Cuts Expected This Year

Study Reveals Long-Term Economic Strain
1 MIN READ

Study Reveals Long-Term Economic Strain for Russia in Ukraine Conflict

Trump Claims He Can Oust
2 MIN READ

Trump Claims He Can Oust Fed Chair Powell Despite Lacking Authority

Hermes Increases U.S. Prices to
1 MIN READ

Hermes Increases U.S. Prices to Offset Tariff Impact

Trump Administration Halts New York
1 MIN READ

Trump Administration Halts New York Offshore Wind Farm Construction

Genre image
1 MIN READ

Pernod Ricard Sales Dip Due to Cognac Challenges in China

TSMC Reports Strong Q1 Results
1 MIN READ

TSMC Reports Strong Q1 Results with 42% Sales Increase

ABB Gains Despite Downturn in
1 MIN READ

ABB Gains Despite Downturn in Stockholm Stock Exchange

ABB Boosts Profit, Plans Robotics
2 MIN READ

ABB Boosts Profit, Plans Robotics Division Spin-Off

Asian Markets Rise on Positive
1 MIN READ

Asian Markets Rise on Positive US-Japan Trade Talks

SBAB Predicts Decline in Mortgage
1 MIN READ

SBAB Predicts Decline in Mortgage Rates as Repo Rate Expected to Drop

Trump Reports 'Great Progress' in
2 MIN READ

Trump Reports 'Great Progress' in Trade Talks with Japan

Nvidia's Warning Sends Wall Street
1 MIN READ

Nvidia's Warning Sends Wall Street Indices Tumbling

EU Launches Safety Sweep to
1 MIN READ

EU Launches Safety Sweep to Tackle Dangerous Products Online

WTO Report: Trump's Tariffs Could
1 MIN READ

WTO Report: Trump's Tariffs Could Cut Global Trade by 1.5% by 2025

Record Restaurant Bankruptcies in March
1 MIN READ

Record Restaurant Bankruptcies in March Highlight Industry Struggles

US Retail Sales Surge in
1 MIN READ

US Retail Sales Surge in March, Driven by Car Purchases

Northvolt's Acting CEO Pia Aaltonen-Forsell
1 MIN READ

Northvolt's Acting CEO Pia Aaltonen-Forsell Steps Down

California Challenges Trump's Tariffs in
1 MIN READ

California Challenges Trump's Tariffs in Court, Citing Illegality

Social Democrats Propose Boost in
2 MIN READ

Social Democrats Propose Boost in Support for Single Parents

Autoliv Navigates Trade Tariffs with
3 MIN READ

Autoliv Navigates Trade Tariffs with Strong First-Quarter Performance

Honda Shifts Civic Hybrid Production
1 MIN READ

Honda Shifts Civic Hybrid Production to Indiana Factory

Sandvik Prepares to Boost U.S.
2 MIN READ

Sandvik Prepares to Boost U.S. Production Amid Trade Uncertainty

Viscaria's Copper Mine Clears Final
1 MIN READ

Viscaria's Copper Mine Clears Final Legal Hurdle, Prepares for Reopening

Swedish Industry Leaders Eye Co-Ownership
2 MIN READ

Swedish Industry Leaders Eye Co-Ownership in New Nuclear Venture

Anna-Karin Hatt's Role in Alecta's
3 MIN READ

Anna-Karin Hatt's Role in Alecta's Criticized Investments Under Scrutiny