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.

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

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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.

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

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