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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: 16 July 2024, 14:13

» Published: 08 July 2024

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

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.

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By TTThis article has been altered and translated by Sweden Herald

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