Nordea pulls the Stockholm stock exchange upwards

The Stockholm stock exchange rose slightly on Thursday. The broad OMXS index closed at 0.1 percent plus.

» Published: October 17 2024

Nordea pulls the Stockholm stock exchange upwards
Photo: Anders Wiklund/TT

Nordea showed unexpectedly strong figures in a report this morning. The stock rose by 6.2 percent and pulled the other major banks upwards. Handelsbanken and SEB rose by 2.5 percent and 2.6 percent, respectively, and Swedbank increased by 1.5 percent.

Technology company ABB also rose after a report, by 2.5 percent.

Reporting company Investor, however, fell back, by 0.7 percent.

At the bottom of the OMXS30 was household appliance giant Electrolux, down 2.0 percent, and investment company Kinnevik, which lost 1.7 percent. Telecommunications company Tele 2 also fell back, by 1.5 percent.

The development on the leading European stock exchanges was in line with Stockholm.

The rise in Stockholm is in line with how it looks on the leading European stock exchanges. Paris rose the most, by 1.3 percent.

In the afternoon, a 0.25 percentage point interest rate cut was announced by the ECB. This was what most analysts had expected, and the effect on the euro and market interest rates was limited. The National Bank of Denmark is following the ECB and is lowering its benchmark rate by 0.25 percentage points to 2.85.

The interest rate cut will take effect on Friday.

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By TTThis article has been altered and translated by Sweden Herald

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