The stock exchange is following the development on Wall Street. On Thursday, the US stock exchanges fell back after central bank chief Jerome Powell expressed caution regarding further interest rate cuts, which caused the stock market temperature to fall, and Friday also looks gloomy.
Among the losers in Stockholm, Astra Zeneca stands out, which fell back 3.3 percent. The pharmaceutical sector is generally performing poorly. Danish vaccine manufacturer Bavarian Nordic plummeted over 17 percent on the Copenhagen stock exchange after a weak quarterly report.
In morning trading, heat pump manufacturer Nibe surged after its quarterly report, but the upswing completely reversed and by the afternoon, the entire increase had turned into a 4.6 percent decline.
At the other end, winners like H&M stand out, with the stock rising 0.5 percent. The Persson family, the owners, have bought additional shares for over half a billion kronor.
The major European stock exchanges also had a dismal day. At the close in Stockholm, it was minus in Frankfurt, London, and Paris.
