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FINANCIAL CRISIS

Swedish stock exchange bounces back

The Stockholm stock exchange rebounded from a shaky start to the week with a 5 percent jump in early Tuesday trading.

Published: 29 October 2008 10:06 CET

The OMXS index had climbed to 191.7 points after just a few minutes of trading, with investment bank Carnegie spearheading the rise.

After a torrid few days, Carnegie began its recovery on Tuesday with a 17 percent leap on the back of Monday’s five billion kronor ($609 million) loan guarantee from the Riksbank.

The Stockholm bourse’s upward trend was in line with movements on the US markets.

The Dow Jones industrial index closed on Monday up 11 percent, the second biggest single day increase since the 1930s.

The Nasdaq Composite index finished the day 9.5 percent higher than it started.

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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