The Stockholm Stock Exchange is rising – Elekta is rushing

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The Stockholm Stock Exchange is rising – Elekta is rushing
Photo: Fredrik Sandberg/TT

The Stockholm Stock Exchange continues the week cheerfully. At lunchtime, the OMXS index rises 0.6 percent.

On the large-cap index OMXS30, Boliden and Swedbank are at the top. They rise 2.9 and 2 percent respectively. At the bottom is Skanska, which loses 1 percent.

Medical technology company Elekta is surging 19 percent after reporting for the second quarter this morning and announcing that 450 jobs will be cut from the company.

Relatively newly listed home alarm company Verisure rises just over 1 percent after an interim report.

Asian stock markets took a beating from US stocks and rose sharply during overnight trading. The biggest lift was for the Tokyo stock market, which rose nearly 2 percent.

The driving force is AI and technology-related stocks. The easing of AI concerns combined with increased hopes for interest rate cuts from the US Federal Reserve has lifted the mood in the US stock market.

On Wall Street, futures are still pointing upwards.

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By TTEnglish edition by Sweden Herald, adapted for our readers

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