The Stockholm Stock Exchange Falls

The Stockholm stock exchange's downturn persisted throughout Wednesday. At closing, the OMXS-index fell 0.5 per cent with a mixed performance among the major companies.

» Updated: July 16 2024

» Published: June 19 2024

The Stockholm Stock Exchange Falls
Photo: Fredrik Sandberg/TT

Share this article

The Stockholm stock exchange's downturn continued throughout Wednesday. At the close, the OMXS-index fell by 0.5 per cent with a mixed performance among the major companies.

Live casino operator Evolution topped the OMXS30 list with a 1.5 per cent increase, followed by telecom company Telia, which rose 0.8 per cent, and hygiene company Essity, which rose 0.6 per cent.

The biggest loser of the day was investment company Kinnevik, which fell heavily, with its share price down 6.0 per cent. Next was cloud service company Sinch, which fell 5.6 per cent, and appliance manufacturer Electrolux, which fell 4.2 per cent.

While the New York stock exchange was closed for the holiday, the leading European stock exchanges saw mixed results. The Paris and Frankfurt exchanges fell by around 0.7 per cent and 0.3 per cent, respectively, while London was up around 0.2 per cent.

The result can be seen in the light of, among other things, new inflation statistics from the UK, which show a continued decline in inflation – something that in theory opens up for further interest rate cuts.

Tags

Author

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

More news

Nestlé CEO Laurent Freixe Fired Over Secret Romance with Subordinate
1 MIN READ

Nestlé CEO Laurent Freixe Fired Over Secret Romance with Subordinate

Revolut Employees to Sell Shares Amid $75 Billion Valuation
1 MIN READ

Revolut Employees to Sell Shares Amid $75 Billion Valuation

Scania to Cut 750 Jobs in Sweden Amid Organizational Restructuring
2 MIN READ

Scania to Cut 750 Jobs in Sweden Amid Organizational Restructuring

AP7 Increases Investments in Controversial Myanmar-Linked Firms
1 MIN READ

AP7 Increases Investments in Controversial Myanmar-Linked Firms

Government Proposes Tax Brake to Prevent Municipal Tax Hikes
2 MIN READ

Government Proposes Tax Brake to Prevent Municipal Tax Hikes

Krona Hits Strongest Level Against Dollar Since Spring 2022
1 MIN READ

Krona Hits Strongest Level Against Dollar Since Spring 2022

How Greece Recovered from a Decade of Debt Crisis
2 MIN READ

How Greece Recovered from a Decade of Debt Crisis

Greece Offers Tax Incentives to Attract Returning Workforce
3 MIN READ

Greece Offers Tax Incentives to Attract Returning Workforce

Sweden's Unemployment Rate Third Highest in EU
1 MIN READ

Sweden's Unemployment Rate Third Highest in EU

Eurozone Industry Sees Growth in August with PMI at 50.7
1 MIN READ

Eurozone Industry Sees Growth in August with PMI at 50.7

Stockholm Stock Exchange Sees Slight September Uptick
1 MIN READ

Stockholm Stock Exchange Sees Slight September Uptick

Tesla's Decline in Swedish Market Persists as Volvo Leads
1 MIN READ

Tesla's Decline in Swedish Market Persists as Volvo Leads

Swedish Industry Temperature Rises in August with PMI at 55.3
1 MIN READ

Swedish Industry Temperature Rises in August with PMI at 55.3

Higher Electricity Prices Expected During Peak Usage Times
1 MIN READ

Higher Electricity Prices Expected During Peak Usage Times

Nelly Sues Shein for Image Theft in Stockholm Court
3 MIN READ

Nelly Sues Shein for Image Theft in Stockholm Court

Alibaba Stock Surges Nearly 19 Percent on Cloud Service Sales Boost
1 MIN READ

Alibaba Stock Surges Nearly 19 Percent on Cloud Service Sales Boost

Russian Oil Companies Face Profit Decline Amid Lower Prices and Stronger Ruble
2 MIN READ

Russian Oil Companies Face Profit Decline Amid Lower Prices and Stronger Ruble

AI in Recruitment: Potential Legal and Financial Risks for Companies
1 MIN READ

AI in Recruitment: Potential Legal and Financial Risks for Companies

HR Managers Overwhelmed by AI-Generated Job Applications
2 MIN READ

HR Managers Overwhelmed by AI-Generated Job Applications

Germany Achieves Gas Storage Goal Two Months Early
2 MIN READ

Germany Achieves Gas Storage Goal Two Months Early