SwedenLivingWorld world_2_fill WorldBusiness BusinessSports sports-soccer SportsEntertainmentEntertain

The stock market continued to fall – Saab turned downward

The Stockholm Stock Exchange continued to decline on Wednesday. The defense conglomerate Saab's upswing turned into the opposite.

» Updated: 13 November 2024, 17:39

» Published: 13 November 2024

The stock market continued to fall – Saab turned downward
Photo: Fredrik Sandberg/TT

At the close, the broad OMXS index had fallen by 0.4 percent, the day after it had fallen by as much as 2.4 percent.

Saab was high on the list of losers on Wednesday, down 0.7 percent, after previous days' gains.

On the other hand, among others, pharmaceutical giant Astra Zeneca rose after Tuesday's strong quarterly report, up 1.2 percent. The best performer was heat pump manufacturer Nibe, which is releasing its quarterly report on Friday, with its share price rising 2.3 percent.

On the major European stock exchanges, the trend was mixed. At the close in Stockholm, it was clearly negative in Frankfurt and Paris, while London was around zero.

During Tuesday evening, the US stock exchanges closed on a minus, and in futures trading, it initially pointed downwards ahead of Wednesday's opening.

However, the afternoon's inflation figures, which landed in line with expectations, caused the prices of two out of three major indexes to rise when trading opened.

Tags
TTT
By TTThis article has been altered and translated by Sweden Herald

More news

Took a tough stance on crypto companies - resigns
1 MIN READ

Took a tough stance on crypto companies - resigns

Ingvar Carlsson on PG: "A very loyal friend"
2 MIN READ

Ingvar Carlsson on PG: "A very loyal friend"

No Wage Guarantee in American Process
1 MIN READ

No Wage Guarantee in American Process

He became "PG" to the entire Swedish people
3 MIN READ

He became "PG" to the entire Swedish people

PG Gyllenhammar has died: "meant a lot"
1 MIN READ

PG Gyllenhammar has died: "meant a lot"

Unstable US stock market ends on a plus
1 MIN READ

Unstable US stock market ends on a plus

Temu's owner shows its hand
1 MIN READ

Temu's owner shows its hand

Nvidia rises in pre-trading on Wall Street
1 MIN READ

Nvidia rises in pre-trading on Wall Street

Reconstruction in the USA to save Northvolt
3 MIN READ

Reconstruction in the USA to save Northvolt

Northvolt: Negotiations are still ongoing
3 MIN READ

Northvolt: Negotiations are still ongoing

Higher Compensation for Job Interviews in Another Location
1 MIN READ

Higher Compensation for Job Interviews in Another Location

Vehicle Giant Warns of Challenges in 2025
1 MIN READ

Vehicle Giant Warns of Challenges in 2025

Unchanged interest rate in Turkey
1 MIN READ

Unchanged interest rate in Turkey

Trump anxiety in the EU over US tariffs
3 MIN READ

Trump anxiety in the EU over US tariffs

Weak demand for scrapping premium
1 MIN READ

Weak demand for scrapping premium

E-fuel company takes in half a billion
1 MIN READ

E-fuel company takes in half a billion

New Report Boost for AI Giant Nvidia's Share
2 MIN READ

New Report Boost for AI Giant Nvidia's Share

Stockholm Stock Exchange Turned Upwards
1 MIN READ

Stockholm Stock Exchange Turned Upwards

Bitcoin closer to the dream limit
1 MIN READ

Bitcoin closer to the dream limit

Higher fee to stop burning of plastic
2 MIN READ

Higher fee to stop burning of plastic