An extremely report-intensive morning is reflected in the price changes on the Stockholm Stock Exchange. Among the large companies on the OMXS30 list, reporting giant Boliden is surging almost 12 percent. The company announces, in connection with the report that exceeded expectations, that it will cancel dividend payments to shareholders. This is to reduce the scope of the new share issue that the company previously announced after acquiring two mines. Also, pharmaceutical company Astra Zeneca is rising clearly, the stock is up almost 6 percent after this morning's report.
Outside the large company list, a sharp decline is particularly noticeable for Volvo Cars. The stock is falling almost 12 percent and is trading below the previous low level (21.85 kronor).
On the other hand, it's going well for Apotea, which has delivered its first quarterly report since its listing last year. The stock is rising 7 percent. Also, gaming company MTG pleased its shareholders with its report, and the stock is now trading at its highest level since the end of 2010.
In the currency market, the Swedish krona has strengthened clearly against the British pound after the Bank of England announced an interest rate cut. One pound now costs 13.54 kronor.
