The Stock Market and the Krona Fell – Industrial Companies Declined

The stock market and the crown were pressed down on Monday, while gold continued towards new historic record prices. The broad OMXS index closed at minus 0.9 percent with the industrial sector as a drag.

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The Stock Market and the Krona Fell – Industrial Companies Declined
Photo: Anders Wiklund/TT

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Among the most traded stocks in the OMXS30 index, the appliance giant Electrolux and the medical technology company Getinge weighed heavily, down 2.9 and 2.4 percent, respectively.

The reporting industrial conglomerate Sandvik's share fell by 2.3 percent after an unexpectedly weak third quarter. Several other industrial companies also fared poorly, with SKF losing 1.5, Atlas Copco 1.1, and ABB 0.8 percent.

Among the few winners on the Stockholm Stock Exchange's large-cap index, the mining company Boliden rose by 1.5 percent, followed by the heat pump company Nibe and the cloud service company Sinch, up 1.4 and 0.8 percent, respectively.

Gold continued to climb to new record highs, with an afternoon quote of $2,732 per troy ounce (31.1 grams).

The krona was pressured downward against the dollar, which at the close of the stock exchange cost 10.55 kronor – one of the lowest quotes in two months. One euro cost 11.43 kronor.

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

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