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Stock Market Rises – and New Bitcoin Record

The Stockholm Stock Exchange, like the larger European stock exchanges, began the week's trading with rising prices. The broad OMXS index rose 0.7 percent. The cryptocurrency bitcoin set a new price record.

» Published: 11 November 2024

Stock Market Rises – and New Bitcoin Record
Photo: Stina Stjernkvist/TT

Among the stock exchange's heavyweights, the defense company Saab took the lead, up 3.8 percent, following the expanded Gripen deal in Brazil over the weekend. The increase was broad: the majority of the most traded shares in the OMXS30 index rose.

However, a few went against the trend, including the measurement instrument manufacturer Hexagon, which fell 2.8 percent. On Monday morning, the company announced that the CEO would be fired.

The big winner outside OMXS30 was the car manufacturer Volvo Cars, which rose 5.7 percent without any visible news.

The oil price pointed downwards again. A barrel of North Sea oil cost less than 72 dollars at the close of the stock exchange.

The Bitcoin exchange rate continued to rise further following Donald Trump's presidential election victory. The price of one bitcoin climbed above a record high of 84,000 dollars.

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

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