Saab tops rising stock market

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Saab tops rising stock market
Photo: Stina Stjernkvist/TT

The Stockholm Stock Exchange rose on Thursday in the wake of reduced concerns about a burst AI bubble. The OMXS index rose 0.3 percent, led by defense company Saab.

The large-cap index OMXS30 was topped by Saab and industrial group ABB, which rose 2.3 and 1.9 percent respectively. 21 of the index's 30 stocks closed in the red.

Among the losers was the index-heavy clothing giant H&M, which fell 1.9 percent.

Asian stock markets were also buoyant, with Tokyo's Nikkei index up 2.6 percent. Leading European stock markets also rose on Thursday, the day after AI giant Nvidia reported unexpectedly strong quarterly results.

On the foreign exchange market, the krona strengthened slightly against the dollar and the euro. At the close of trading, one dollar cost 9.53 kronor and one euro cost 11 kronor.

After Thursday's rise, the Stockholm Stock Exchange's OMXS index has risen 3.8 percent since the turn of the year.

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By TTEnglish edition by Sweden Herald, adapted for our readers

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