Updated 2014-09-16 18:05. Published 2014-09-16 17:52
On Tuesday showed German ZEW index a mixed picture, with future expectations were higher than expected, while the atmosphere surrounding the current situation betrayal preliminary hint.
At Swedish trading floors , Volvo rolled forward as the winner and advanced 1.8 percent. The news that Cevian increased its holdings gained momentum on the stock. Investment Company manager Christer Gardell commented purchase for Direkt:
“We are increasing for that we think the stock is cheap and we think Olof Persson, Carl-Henric Svanberg will join in country with the ambitious program they have to improve Volvo’s profitability. “
white goods giant Electrolux step as well, up 0.4 percent. Then it became clear, for just over a week ago, that Electrolux buys GE’s appliance unit, the stock has climbed about 10 percent. Moreover, deliveries of the six major categories of white goods in the United States something.
Kinne’s shares fell 0.6 percent. On the minus account ended the British online retailer Asos, which competes with Kinnevik owned Zalando, dropped sharply on the London Stock Exchange after the company’s report.
Out of the large cap index fell credit management company Intrum Justitia 4.3 percent. SEB has lowered its recommendation to sell from the containers while Danske Bank Markets lowered to keep from buying.
Africa Oil’s reserve update were a disappointment for stock market traders, who traded shares down 3.7 percent . Among analyst comments as Direkt noted, liked Carnegie resource update ended up in the low end of expectations-range, and Swedbank Markets believed that the number of barrels were slightly lower than expected.
From Kenya, where Africa Oil has its main assets, however, came the media task on a new rate, notably the country’s oil and mining sectors. The tax rate was reported at 5 percent, which is significantly lower compared with expectations according to Pareto Securities.
Among small caps continued medical technology company Ortivus 5.3 percent up. On Monday, the share closed over 11 percent higher, after the news that a British customer has approved Ortivus documentation system and paid 2 million pounds.
Another small cap who climbed the environmental technology company Opcon, which rose more than 2 percent. The last time the stock has been going strong, as several insiders increased their holdings.
biotech company Diamyd depth cooperation with Protein Science. The company is thus one of the major shareholders of Diamyd. The news was well received by the market as shares traded up 5.5 percent.
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