An initial upturn has turned into a weak downturn on the Stockholm Stock Exchange at 1 pm, following interim reports from industrial companies Atlas Copco and Alfa Laval at lunchtime.
Giant Atlas Copco is weighing down the stock exchange with its 4.1 percent downturn, while Alfa Laval is down nearly 3 percent. However, both are not the worst. The worst performer is appliance manufacturer Electrolux, which is plummeting 13 percent after reporting weak development, primarily in North America.
Another loser is Volvo Cars, which is falling 8.4 percent following this morning's report release and announcement of cost-cutting measures.
The two major banks, Swedbank and SEB, are moving in the opposite direction. While Swedbank is rising 3.0 percent on its report, SEB is falling back and is down 2.0 percent.
Gaming company Betsson is surging 6.8 percent after, among other things, reporting a significantly increased number of customers during the quarter. The stock is trading at a historically high level.
