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STOCK EXCHANGE

Record gains on Stockholm exchange

The Stockholm stock exchange recovered some of the ground lost in recent weeks with a massive 8.8 percent rise on Monday.

Published: 13 October 2008 18:18 CEST
Record gains on Stockholm exchange

Monday’s market performance represented the third highest increase on the Stockholm bourse since 1987 and the largest so far this decade.

An EU-wide stabilization package at the weekend is being seen as the driving force behind Monday’s recovery, which was replicated in markets across the Union.

The country’s beleaguered bank stocks made a much needed recovery as the OMXS index climbed to 214.1 points.

SEB led the charge (+12.8 percent), closely followed by Swedbank (+11.3 percent), Handelsbanken (+7.4) and Nordea (+5.7).

Wallenberg family jewel Investor was also one of the day’s big winners, up 14.6 percent to 111.75 kronor.

FINANCE

Stockholm stock exchange suffers worst day of 2018

The Stockholm stock exchange plunged by 2.8 percent on Thursday, making it the worst trading day of 2018.

Published: 6 December 2018 22:30 CET
Stockholm stock exchange suffers worst day of 2018
File photo: Stina Stjernkvist/TT
Stock markets across Europe suffered for the third day in a row as the arrest of a top Huawei executive in Canada has raised the spectre of an all-out trade war between the US and China.
 
For the Stockholm Stock Exchange, it meant a blood-red trading day that ended as the worst of the year thus far. The OMXS Stockholm 30 index fell by a combined 2.8 percent.
 
The majority of the companies on the index lost value, with the exception of Ericsson, which seemed to benefit from the news about its Chinese competitor Huawei with a 1.8 percent increase. Airline SAS also saw its stock increase, rising 4.2 percent thanks to sharp declines in oil prices. 
 
Among Thursday’s biggest losers was the mining company Boliden, which suffered a 6.1 percent drop. The stock of the Stockholm-based tech company Hexagon fell 5.6 percent.
 
Meanwhile, the stock of Swedish auto safety equipment manufactor Autoliv fell 6.1 percent on the news that it expects to pay some 1.8 billion kronor in fines as a result of an European Commission investigation into anti-competitive behavior in the EU. 
 
Stockholm was far the only European bourse to have a gloomy Thursday. The CAC index in Paris fell 3.3 percent, the DAX index in Frankfurt dropped 3.5 percent and the London Stock Exchange's FTSE index decreased by 3.2 percent.
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