The stock market starts the last trading day of the week higher

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The stock market starts the last trading day of the week higher
Photo: Claudio Bresciani/TT

Friday's opening trade points to an upward trend. The OMXS index is up 0.5 percent after ten minutes of trading. Real estate company SBB is surging higher after a quarterly report. But risk appetite in the market is under pressure, with clear price declines on major global stock exchanges.

Ahead of the stock market opening, the gadget chain Clas Ohlson has reported a sales boost for October. The share is up 3.5 percent.

There has also been an interim report from the real estate company SBB, which has lifted the company's B shares by over 10 percent.

Among the most traded stocks in the OMXS30 index, Hexagon and Addtech rose by 2.0 and 1.5 percent respectively. However, the rise is relatively broad, with 22 of 30 OMXS30 stocks in the plus.

But overnight trading on leading Asian stock exchanges has been generally down, not least on the Tokyo Stock Exchange. This has been the case since Wall Street closed significantly lower on Thursday.

Shares in companies in the AI sector weighed on Wall Street, with prices falling by almost 7 percent for security company Palantir and 3.6 percent for chipmaker Nvidia.

However, electric car manufacturer Tesla's stock rose in futures trading overnight after shareholders at a meeting approved a new bonus program for founder, major owner and CEO Elon Musk that could give him $1 trillion in compensation.

On Thursday, the Stockholm Stock Exchange's OMXS index fell by 0.4 percent. Since the beginning of the year, the OMXS index has been up 5.9 percent.

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By TTEnglish edition by Sweden Herald, adapted for our readers

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