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The stock market turned up at the end

The Stockholm Stock Exchange closed the trading week slightly up. The OMXS-index closed 0.1 percent up.

» Updated: 16 July 2024, 15:08

» Published: 07 June 2024

The stock market turned up at the end
Photo: Stina Stjernkvist/TT

Stockholm Stock Exchange closed the trading week slightly up. The OMXS-index closed 0.1% up.

New American job figures were presented on Friday afternoon. They showed that job growth is significantly higher than expected, according to figures from the Labor Department.

Stockholm Stock Exchange had previously oscillated around zero, but after the announcement, the prices fell directly. Later, they turned back up again.

Bank shares were among the best performers, with all four major banks closing between 1.3 and 2.5% up.

In the other end, Kinnevik fell about 15%, which is related to the fact that the company's shares do not entitle the company to the money it received from the sale of Tele2.

Another major loser was trucking giant Volvo, minus 3.7%.

The leading European stock exchanges fell on Friday. The decline was 0.3-0.5%.

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By TTThis article has been altered and translated by Sweden Herald

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