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The Stockholm Stock Exchange Fell Slightly

» Updated: 24 August 2024, 02:48

» Published: 21 August 2024

The Stockholm Stock Exchange Fell Slightly
Photo: Oscar Olsson/TT

The Stockholm Stock Exchange was up for most of Wednesday, but closed slightly down in the end. The OMXS index fell 0.2 percent.

On Tuesday, bank shares primarily fell after the Swedish Central Bank hinted at faster interest rate cuts. On Wednesday, Swedbank, Nordea, and Handelsbanken bounced back slightly. SEB, on the other hand, fell 0.3 percent.

Among other heavyweights, the telecom company Tele2 rose 0.7 percent and the appliance manufacturer Electrolux 0.6 percent.

At the other end, the real estate company SBB fell the most, down 4.0 percent. The heat pump company Nibe also fell sharply and closed 3.7 percent down.

The leading European stock exchanges rose slightly during the day.

The krona continued to strengthen against a generally weaker dollar, which cost 10.22 krona in the late afternoon. The euro was quoted at 11.37 kronor.

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By TTThis article has been altered and translated by Sweden Herald

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