Stockholm Stocks Fall 0.7% as Oil Prices Retreat From Their Highest Since May
The Stockholm Stock Exchange continued to fall on Tuesday, in line with other major European markets. The broad OMXS index closed down 0.7 percent.
BusinessThe Stockholm Stock Exchange continued to fall on Tuesday, in line with other major European markets. The broad OMXS index closed down 0.7 percent.
BusinessBuilding supplies chain Byggmax reports an operating profit of SEK 267 million for the second quarter of the year. This compares with a profit of SEK 223 million in the corresponding quarter a year earlier.
BusinessByggmax reports a slightly better result than expected for the second quarter of the year, the seasonally most important for the building materials chain. On the stock exchange, it's a thumbs up. The share rises almost 4 percent and has thus increased by 23 percent since the turn of the year.
BusinessThe Stockholm stock exchange fell to minus on the last day of the trading week. At closing, the broad OMXS index was down 1.3 percent.
BusinessThe stronger krona is expected to have hit hard against Swedish export companies during the first quarter. But what is waiting around the corner is more unclear than in a long time after Trump's tariff shock. The risks are high, says Karl Hedberg, stock manager at Carnegie Private Banking.
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