The Stock Exchange Ended the Week Up

The Stockholm Stock Exchange ended the report-intensive week on the upswing. The OMXS index was at closing plus 0.7 percent – despite a price collapse for the index heavyweight Electrolux.

» Published: October 25 2024

The Stock Exchange Ended the Week Up
Photo: Anders Wiklund/TT

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The white goods manufacturer plummeted by 14.6 percent after a significant earnings miss in the third-quarter report – with price pressure, savings, and challenges as themes in outgoing CEO Jonas Samuelson's farewell.

But many other reporting companies did well.

The reporting measurement technology conglomerate Hexagon rose 3.8 percent after the announcement that the board has commissioned the management to evaluate a possible spin-off of the software business Asset Lifecycle Intelligence.

And the forestry company SCA – another heavyweight in the index – increased 8.9 percent after a quarterly report.

The construction company NCC reported an unexpectedly strong report, with a significant increase in order intake. The share rose 2.0 percent.

The confectionery manufacturer Cloetta's share increased 8.6 percent, despite CEO Katarina Tell warning of a blow from higher cocoa prices in the fourth quarter.

The development on leading European stock exchanges was mixed, as was the initial trading on Wall Street.

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

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