Trading Week Opens on an Upward Trend

The Stockholm Stock Exchange began the trading week with rising prices. The OMXS index rose 0.6 per cent.

» Updated: July 16 2024

» Published: June 24 2024

Trading Week Opens on an Upward Trend
Photo: Anders Wiklund/TT

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The Stockholm stock exchange began the trading week with rising prices. The OMXS-index rose 0.6 per cent.

Among the most traded shares in the OMXS30-index, cloud service company Sinch and telecom equipment manufacturer Ericsson were at the top, both up 3.1 per cent.

Telecom company Telia rose 2.9 per cent.

The biggest fallers in the OMXS30 were engineering company ABB, down 2.2 per cent, and heating system manufacturer Nibe Industrier, down 1.2 per cent.

Property company SBB initially fell despite news of a new rental agreement with Hässleholm Municipality, featuring a significant rent increase. The price then swung around and the share closed at a 1.5 per cent gain.

Marketing company Catena Media fell 7.9 per cent following a scrapped profit forecast.

The leading European stock exchanges also rose, with their increases being a few tenths of a per cent higher than the Stockholm stock exchange.

Since the start of the year, the Stockholm stock exchange has risen 9 per cent.

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By TTEnglish edition by Sweden Herald, adapted for local and international readers

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