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Volvo Cars surged on the stock exchange

The Stockholm stock exchange's broad OMXS index rose 0.6 percent on Tuesday. Among the winners was car manufacturer Volvo Cars, which surged 9.3 percent after releasing new sales figures.

» Published: January 07 2025

Volvo Cars surged on the stock exchange
Photo: Jakob Åkersten Brodén/TT

The OMXS30 index, which lists the most traded shares, was topped by truck manufacturer Volvo, which rose 6.1 percent. Measurement technology company Hexagon gained 4.4 percent and bearing giant SKF increased 3.7 percent.

At the bottom of the OMXS30 were found real estate company SBB and heat pump manufacturer Nibe, which fell 9.3 and 3.8 percent, respectively.

The stock exchanges in Frankfurt and Paris rose, while the London Stock Exchange fell marginally.

In Asia, the stock exchanges in Tokyo and China closed on a plus, while Hong Kong fell. The Chinese tech giant Tencent fell 7.3 percent after the US listed the company as military.

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By TTThis article has been altered and translated by Sweden Herald
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