Up on the stock exchange – but red for the banks

The Stockholm Stock Exchange started on a minus but then turned upwards. The OMXS index closed at plus 0.2 percent. But it was a tough stock market day for the major banks.

» Updated: July 16 2024

» Published: July 08 2024

Up on the stock exchange – but red for the banks
Photo: Anders Wiklund/TT

Share this article

The Stockholm stock exchange started on a minus but then turned upwards. The OMXS-index closed at a plus of 0.2 percent.

But it was a tough day for the major banks.

Among the large companies, the telecom equipment manufacturer Ericsson rose 3.6 percent. The real estate company SBB also went up 2.2 percent.

The OMXS30-index increased by a total of 0.3 percent.

But for the major banks, things looked worse. Handelsbanken had fallen 1.5 percent by the close. Swedbank, SEB, and Nordea also ended on a minus, between 0.8 and 1.4 percent.

The Stenbeck sphere's power company Kinnevik also fell on the stock exchange, dropping 1.4 percent.

It was gloomy on the leading European stock exchanges. The London and Paris stock exchanges closed on a minus, while the German stock exchange held just above zero.

During the late Monday afternoon, one US dollar cost 10.54 kronor. One euro cost 11.42 kronor.

Tags

Author

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

More news

Ryanair Cuts One Million Seats in Spain for Winter Season
1 MIN READ

Ryanair Cuts One Million Seats in Spain for Winter Season

Opec+ Plans Oil Production Increase in October
1 MIN READ

Opec+ Plans Oil Production Increase in October

US SEC Ends Swedbank Investigation Without Action
1 MIN READ

US SEC Ends Swedbank Investigation Without Action

Siemens Energy Secures Billion-Euro Deal for Bornholm Energy Island
1 MIN READ

Siemens Energy Secures Billion-Euro Deal for Bornholm Energy Island

88 Postal Operators Halt Package Shipments to USA
1 MIN READ

88 Postal Operators Halt Package Shipments to USA

EU Trade Commissioner Welcomes Potential US Tariff Reduction
1 MIN READ

EU Trade Commissioner Welcomes Potential US Tariff Reduction

Greece Offers Tax Incentives to Attract Returning Workforce
3 MIN READ

Greece Offers Tax Incentives to Attract Returning Workforce

How Greece Transformed Its Economy After Debt Crisis
2 MIN READ

How Greece Transformed Its Economy After Debt Crisis

Trump Considers Three Candidates to Succeed Fed Chief Powell
1 MIN READ

Trump Considers Three Candidates to Succeed Fed Chief Powell

South Korea Expresses Concern Over Mass Arrests at Hyundai Factory in Georgia
2 MIN READ

South Korea Expresses Concern Over Mass Arrests at Hyundai Factory in Georgia

Swedes Face Higher Costs Due to Norway's Fixed Electricity Prices
2 MIN READ

Swedes Face Higher Costs Due to Norway's Fixed Electricity Prices

Nvidia Stock Drops 2.7% Amid New York Market Decline
1 MIN READ

Nvidia Stock Drops 2.7% Amid New York Market Decline

Trump Criticizes EU's $33.9 Billion Fine on Google, Threatens Trade Probe
2 MIN READ

Trump Criticizes EU's $33.9 Billion Fine on Google, Threatens Trade Probe

US Job Market Slows with Only 22,000 New Jobs in August
2 MIN READ

US Job Market Slows with Only 22,000 New Jobs in August

Tesla Board Proposes New Bonus Plan for Elon Musk
1 MIN READ

Tesla Board Proposes New Bonus Plan for Elon Musk

13 Suspected of Insider Trading After Dawn Raid
1 MIN READ

13 Suspected of Insider Trading After Dawn Raid

18 Charged in Major Insider Trading Case in Sweden and Norway
1 MIN READ

18 Charged in Major Insider Trading Case in Sweden and Norway

Skandiabanken Offers Lowest Mortgage Rates in August
1 MIN READ

Skandiabanken Offers Lowest Mortgage Rates in August

Stockholm Stock Market Rises for Third Consecutive Day
1 MIN READ

Stockholm Stock Market Rises for Third Consecutive Day

Danish Energy Giant Ørsted Lowers Profit Expectations for This Year
1 MIN READ

Danish Energy Giant Ørsted Lowers Profit Expectations for This Year