SwedenLivingWorld world_2_fill WorldBusiness BusinessSports sports-soccer SportsEntertainmentEntertain

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.

» Updated: 03 September 2024, 20:52

» 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.

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

More news

Took a tough stance on crypto companies - resigns
1 MIN READ

Took a tough stance on crypto companies - resigns

Ingvar Carlsson on PG: "A very loyal friend"
2 MIN READ

Ingvar Carlsson on PG: "A very loyal friend"

No Wage Guarantee in American Process
1 MIN READ

No Wage Guarantee in American Process

He became "PG" to the entire Swedish people
3 MIN READ

He became "PG" to the entire Swedish people

PG Gyllenhammar has died: "meant a lot"
1 MIN READ

PG Gyllenhammar has died: "meant a lot"

Unstable US stock market ends on a plus
1 MIN READ

Unstable US stock market ends on a plus

Temu's owner shows its hand
1 MIN READ

Temu's owner shows its hand

Nvidia rises in pre-trading on Wall Street
1 MIN READ

Nvidia rises in pre-trading on Wall Street

Reconstruction in the USA to save Northvolt
3 MIN READ

Reconstruction in the USA to save Northvolt

Northvolt: Negotiations are still ongoing
3 MIN READ

Northvolt: Negotiations are still ongoing

Higher Compensation for Job Interviews in Another Location
1 MIN READ

Higher Compensation for Job Interviews in Another Location

Vehicle Giant Warns of Challenges in 2025
1 MIN READ

Vehicle Giant Warns of Challenges in 2025

Unchanged interest rate in Turkey
1 MIN READ

Unchanged interest rate in Turkey

Trump anxiety in the EU over US tariffs
3 MIN READ

Trump anxiety in the EU over US tariffs

Weak demand for scrapping premium
1 MIN READ

Weak demand for scrapping premium

E-fuel company takes in half a billion
1 MIN READ

E-fuel company takes in half a billion

New Report Boost for AI Giant Nvidia's Share
2 MIN READ

New Report Boost for AI Giant Nvidia's Share

Stockholm Stock Exchange Turned Upwards
1 MIN READ

Stockholm Stock Exchange Turned Upwards

Bitcoin closer to the dream limit
1 MIN READ

Bitcoin closer to the dream limit

Higher fee to stop burning of plastic
2 MIN READ

Higher fee to stop burning of plastic