Stockholm: Broad rise led by cyclical companies, OMXS30 +1.0%
2014-08-11 09:52
(SIX) Stockholm Stock Exchange stock market opens the week with a broad upturn in management of cyclical stocks. All companies listed on OMXS30 was up. The increase comes in the wake of a strong close on the New York Stock Exchanges Friday then reduced geopolitical risk supported. Calendar-wise, it a thin but reporting season has only taken a breath and get a renewed vigor later in the week. SIX General Index was at 9:46 up 1.1 percent to 417 and OMXS30 index rose 1.0 percent to 1.345. Turnover was 1.3 billion on the Stockholm Stock Exchange and 1.7 billion including the alternative trading venues Bats, Burgundy, Chi-X and Turquoise. H & M rose 1.3 percent. Danske Bank has upgraded its recommendation for the clothing chain's shares to hold off from selling. Medivir advanced 4.1 percent. Niklas Prager has been appointed CEO of the company with effect as of September 1. Prager succeeds Maris Hartmanis. ShaMaran Petroleum fell 4.1 percent. Operator Taqa, at Atrushblocket in the Kurdish region in Iraq, announces that it ceased operations at Atrush. ShaMaran Petroleum has a share of 20.1 percent. Oriflame goes against the grain with a decline of 1.4 percent. Pareto has lowered its recommendation for the shares to sell from previously intact. Börsveckan have in today's newspaper has issued buy recommendations for Lindab and MQ while Svedbergs may Recommendation await. Lindab climbed 3.0 percent, the MQ rose 1.7 percent and Svedbergs turned down 0.3 percent. Index Latest Today%% This Year OMX Stockholm 30 1345 +1.0 +0.9 SIX General Index 417 +1.1 +2.5 SIX Return Index 755 +1.1 +5.9 SIX Sweden cyclic 15 377 +1.2 +10.2 SIX Sweden defensive 15414 +0.5 +3.0 SIX Volatility Index 14.7 -4.2 +20.0 Magnus Bernet, +46 85 8586163 mailto: magnus.bernet@six-group.se www.blogg.six.seSIXNews SIX News
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