The Stock Market Turned Up Again

The Stockholm Stock Exchange's broad OMXS index rose 0.4 per cent on Thursday, strengthened by increases in several large industrial companies.

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The Stock Market Turned Up Again
Photo: Fredrik Sandberg/TT

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On Wednesday, the Stockholm Stock Exchange fell by nearly 2 percent. Geopolitical uncertainty in the wake of the US's actions towards the rest of the world also dampened the stock market mood in Asia overnight. Indices in both Tokyo and Hong Kong lost over 1 percent.

However, on Thursday, most of the Stockholm Stock Exchange's heavyweights rose, with medical technology company Getinge in the lead, up 2.6 percent. Several industrial giants also performed well: shares in Assa Abloy, Boliden, and Atlas Copco all rose by around 1.5 percent.

At the other end, pharmaceutical company Astra Zeneca fell the most, down 1.2 percent.

Outside the large-cap list, TV and streaming company Viaplay surged by 14.9 percent following a quarterly report with reduced losses.

Since the turn of the year, the Stockholm Stock Exchange has now risen by 9.1 percent, which is significantly more than leading indices on US stock exchanges.

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

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