SwedenLivingWorld world_2_fill WorldBusiness BusinessSports sports-soccer SportsEntertainmentEntertain

Electrolux rises on calm stock market

» Updated: 07 October 2024, 11:26

» Published: 02 October 2024

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

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
TTT
By TTThis article has been altered and translated by Sweden Herald

More news

Took a tough stance on crypto companies - resigns
1 MIN READ

Took a tough stance on crypto companies - resigns

Ingvar Carlsson on PG: "A very loyal friend"
2 MIN READ

Ingvar Carlsson on PG: "A very loyal friend"

No Wage Guarantee in American Process
1 MIN READ

No Wage Guarantee in American Process

He became "PG" to the entire Swedish people
3 MIN READ

He became "PG" to the entire Swedish people

PG Gyllenhammar has died: "meant a lot"
1 MIN READ

PG Gyllenhammar has died: "meant a lot"

Unstable US stock market ends on a plus
1 MIN READ

Unstable US stock market ends on a plus

Temu's owner shows its hand
1 MIN READ

Temu's owner shows its hand

Nvidia rises in pre-trading on Wall Street
1 MIN READ

Nvidia rises in pre-trading on Wall Street

Reconstruction in the USA to save Northvolt
3 MIN READ

Reconstruction in the USA to save Northvolt

Northvolt: Negotiations are still ongoing
3 MIN READ

Northvolt: Negotiations are still ongoing

Higher Compensation for Job Interviews in Another Location
1 MIN READ

Higher Compensation for Job Interviews in Another Location

Vehicle Giant Warns of Challenges in 2025
1 MIN READ

Vehicle Giant Warns of Challenges in 2025

Unchanged interest rate in Turkey
1 MIN READ

Unchanged interest rate in Turkey

Trump anxiety in the EU over US tariffs
3 MIN READ

Trump anxiety in the EU over US tariffs

Weak demand for scrapping premium
1 MIN READ

Weak demand for scrapping premium

E-fuel company takes in half a billion
1 MIN READ

E-fuel company takes in half a billion

New Report Boost for AI Giant Nvidia's Share
2 MIN READ

New Report Boost for AI Giant Nvidia's Share

Stockholm Stock Exchange Turned Upwards
1 MIN READ

Stockholm Stock Exchange Turned Upwards

Bitcoin closer to the dream limit
1 MIN READ

Bitcoin closer to the dream limit

Higher fee to stop burning of plastic
2 MIN READ

Higher fee to stop burning of plastic