Electrolux rises on calm stock market

» Updated:

» Published:

Electrolux rises on calm stock market
Photo: Fredrik Sandberg/TT

Share this article

The Stockholm stock exchange revolved around the zero line on Wednesday. The broad OMXS-index closed at plus 0.1 percent and the narrower heavyweight index OMXS30 rose 0.4 percent.

The day before, both Stockholm and US stock exchanges fell after the escalation of the conflict in the Middle East. And financial markets are now keeping an eye on the next step in the conflict between Iran and Israel.

Among the big winners, the white goods giant Electrolux and the defense conglomerate Saab stood out, up 2.6 and 2.5 percent, respectively, while the cloud service company Sinch was among the losers, down 5.6 percent.

Among other stocks, Volvo Cars fell 6.6 percent after the car manufacturer presented new sales figures showing that the growth rate had slowed down.

During the night's Asian trading, the rally on the Hong Kong stock exchange continued, rising over 6 percent.

On the leading European stock exchanges, the trend was mixed, but the index movements were moderate, both up and down.

With Wednesday's small increase, the Stockholm stock exchange has risen nearly 12 percent since the turn of the year.

Tags

Author

TTT
By TTEnglish edition by Sweden Herald, adapted for local and international readers

More news

Norway Forecasts Limited Interest Rate Cuts Amid Economic Growth

Norway Forecasts Limited Interest Rate Cuts Amid Economic Growth

Stockholm Stock Exchange Opens with Slight Gains

Stockholm Stock Exchange Opens with Slight Gains

Gold Certificate Company Lists on Stockholm Stock Exchange

Gold Certificate Company Lists on Stockholm Stock Exchange

Financial Supervisory Authority Reviews SSAB's 33.3 Billion Kronor Write-Down

Financial Supervisory Authority Reviews SSAB's 33.3 Billion Kronor Write-Down

Weakening Dollar: Key Considerations for Investors

Weakening Dollar: Key Considerations for Investors

Asian Stock Markets Rise Following Trump's Trade Talks Update

Asian Stock Markets Rise Following Trump's Trade Talks Update

Fed Member Lisa Cook Retains Position Amid Trump's Legal Challenge

Fed Member Lisa Cook Retains Position Amid Trump's Legal Challenge

Tesla Stock Surges 3.6 Percent Boosting Wall Street Indexes

Tesla Stock Surges 3.6 Percent Boosting Wall Street Indexes

Trump Proposes Ending Quarterly Reports for Wall Street Companies

Trump Proposes Ending Quarterly Reports for Wall Street Companies

EU Regulators Seek Stricter Crypto Supervision by ESMA

EU Regulators Seek Stricter Crypto Supervision by ESMA

Elon Musk Buys $1 Billion in Tesla Shares, Boosting Stock by 7%

Elon Musk Buys $1 Billion in Tesla Shares, Boosting Stock by 7%

China Investigates Nvidia for Competition Law Violations

China Investigates Nvidia for Competition Law Violations

USA and China Agree on Tiktok Deal Framework

USA and China Agree on Tiktok Deal Framework

Black Soldier Fly Oil and Protein Developed for Animal Feed

Black Soldier Fly Oil and Protein Developed for Animal Feed

Basmati Rice Dispute Stalls EU-India Trade Agreement

Basmati Rice Dispute Stalls EU-India Trade Agreement

Gaming Companies Lead Gains in Slightly Rising Stockholm Stock Market

Gaming Companies Lead Gains in Slightly Rising Stockholm Stock Market

Sweden Construction Costs Rise 0.4% in August Amid Higher Electricity Prices

Sweden Construction Costs Rise 0.4% in August Amid Higher Electricity Prices

Swedes Report Decreased Satisfaction with Banks This Year

Swedes Report Decreased Satisfaction with Banks This Year

Fashion Trade Sales Rise for Third Consecutive Month

Fashion Trade Sales Rise for Third Consecutive Month

Powell's Rate Signal Influences Swedish Households Too

Powell's Rate Signal Influences Swedish Households Too