The stock market ended the week in positive territory

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The stock market ended the week in positive territory
Photo: Pontus Lundahl/TT

The Stockholm Stock Exchange ended the week slightly higher. The OMXS index rose 0.3 percent on Friday.

Among the heavyweights on the Stockholm Stock Exchange's OMXS30 index, the venture capital company EQT increased the most, 2 percent, followed by the mining company Boliden, up 1.2 percent.

The major banks also performed well, with Swedbank leading the way with an increase of almost 1.2 percent.

Defense group Saab rose 0.9 percent after two new billion-dollar orders. These are approximately SEK 2.5 billion from the Swedish Defence Materiel Administration for further development of the Gripen fighter jet, and SEK 1.4 billion from a European NATO country for a signals intelligence system.

At the bottom of the OMXS30 are clothing giant H&M, down 2.1 percent, and forestry company SCA, down 1 percent.

Among other companies, the satellite communications company Ovzon stands out; its shares surged 16 percent after news that the company had received an order from a European NATO country worth 240 million kronor.

Food company Axfood is also among the winners, with a price increase of 1.2 percent after the announcement of a multi-billion-sek investment in automation in a new logistics center in Kungsbacka.

At the close in Stockholm, the major European stock exchanges in Frankfurt, London and Paris were in the red, according to CNBC. On Wall Street, all leading indices also pointed upwards in early trading.

For the week, the Stockholm Stock Exchange has climbed 0.3 percent, and since the turn of the year, 7.8 percent.

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By TT News AgencyEnglish edition by Sweden Herald, adapted for our readers

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