Boliden and Saab winners on positive stock market

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Boliden and Saab winners on positive stock market
Photo: Fredrik Sandberg/TT

The Stockholm Stock Exchange continued to rise on Wednesday. The broad OMXS index rose 0.7 percent, supported by gains in, among others, mining company Boliden and defense giant Saab.

Boliden and Saab rose 4.0 and 2.4 percent respectively, topping the large-cap index OMXS30. Only 4 of the index's 30 stocks fell, including construction giant Skanska, which lost 1.1 percent.

Outside of OMXS30, Elekta surged 23.5 percent after the medical technology company announced in connection with its quarterly report this morning that 450 jobs would be eliminated from the company.

Relatively newly listed home alarm company Verisure fell 0.3 percent after an interim report.

Asian stock markets followed US stock markets and rose sharply during overnight trading. The biggest boost was for the Tokyo stock market, which rose nearly 2 percent.

Draglok was among other AI and other technology-related stocks. Reduced concerns about an AI bubble combined with increased hopes for a lower policy rate in the US have lifted the stock market sentiment.

On the foreign exchange market, the krona strengthened slightly against both the euro and the dollar. At the close of trading, one euro cost 11.01 kronor and one dollar 9.49 kronor.

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By TTEnglish edition by Sweden Herald, adapted for our readers

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