Major banks rise as Stockholm
Photo: Fredrik Sandberg/TT

Major banks rise as Stockholm Stock Exchange falls

The Stockholm Stock Exchange started happily, soured, and regained its nerve - before gloom finally prevailed. The broad OMXS index closed down 0.2 percent - but the four major banks had a good day.

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On the OMXS30, among the most traded shares, Nordea and SEB topped the list with gains of 1.8 and 1.5 percent, respectively. Swedbank and Handelsbanken also rose, by 1.4 and 1.1 percent.

During the day, the stock market moved above and below the zero line several times.

At the bottom, forestry company SCA fell 2.7 percent and measurement technology company Hexagon fell 2.4 percent.

Owner company Ratos' shares plunged 9.5 percent.

At the close in Stockholm, the Frankfurt Stock Exchange was down while London and Paris were up.

Stock markets in mainland China are closed for Chinese New Year. US markets are also closed on Monday.

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AuthorTT News AgencyEnglish edition by Sweden Herald, adapted for our readers
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