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Still Red on the Stock Exchange

September continues in the red on the Stockholm Stock Exchange. At the close, the broad OMXS index had fallen 1.3 percent.

» Published: 03 September 2024

Still Red on the Stock Exchange
Photo: Anders Wiklund/TT

Among the most traded stocks in the OMXS30 index, the real estate company SBB fell, losing 6.3 percent. Also among the heavyweights, the mining group Boliden and the cloud service company Sinch declined, down 5.6 and 3.5 percent, respectively.

AB Volvo is presenting a new electric truck model, which can travel up to 60 miles on a single charge, but the stock fell 1.2 percent.

Competitor Scania – part of German Traton – is simultaneously launching a new 13-liter marine engine, which is expected to reduce fuel consumption by 8 percent compared to previous engines with the same effect. The Traton stock fell 2.1 percent.

The Wallenberg sphere's EQT stock fell 2.2 percent after the announcement that the company now controls 75 percent of the shares in the listed wind power company OX2, which means a mandatory bid. EQT is thus making its bid of 60 kronor per share from May unconditional.

On Wall Street, the futures contracts are clearly pointing downwards after the long weekend.

The leading stock exchanges in Europe mirrored the development in Stockholm, and declined during the trading day.

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By TTThis article has been altered and translated by Sweden Herald

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