The German industry purchasing managers’ index, which unexpectedly fell to the lowest level in 15 months, contributed to a dismal stock market mood. Markit / BME’s PMI index landed at 50.3 for September, compared with according to Bloomberg were expecting 51.2.
From the USA came on data showing that house prices rose less than expected in July.
The continental European exchanges fell overall about 1.5 percent, which is clearly more than Stockholm. The explanation is largely found among the major banks, who all finished the day high up in the index top.
Best was Handelsbanken, which added 0.5 per cent, followed by SEB and Swedbank both closed just above zero.
Even large cap index’s two commodity companies, Boliden and Lundin Petroleum, passed the day comparatively well supported by rising metal and oil prices.
On the downside, dominated pharmaceutical company thus AstraZeneca, which dropped 3.6 percent to 515: $ 50.
The United States Treasury announced tougher rules to prevent companies from moving their headquarters to low-tax countries legal through acquisitions abroad, known as inversion. A main argument for Pfizer’s interest in Astra Zeneca has been just such opportunities.
The downside was it also for a number of cyclical manufacturing company. SKF dropped 2 percent, Sandvik nearly as much and Assa Abloy 1.5 percent. SSAB and Volvo, with large exposure to Europe, lost 3 and 3.9 percent.
Telecommunication and networking manufacturers as Tele2, Ericsson and Nokia lost any ground.
Most Traded for day was the fashion giant Hennes & amp; Mauritz, which fell 0.5 percent ahead of Thursday’s quarterly report. The share price has recently reached new highs in recent months after surprisingly strong sales.
Outside OMXS30 sank oil exploration company Africa Oil 3.8 percent. A number of analysts have reduced their expectations and price targets in the wake of last week’s resource update.
Another former course rocket that had struggled was Lucara Diamond. Analysts who Direkt spoken to explain the decline of profit-taking and a temporary slightly weaker market for rough diamonds. Diamond producer fell more than 5 percent.
Biometric Fingerprint Cards Company rose by double digits for the third consecutive day. The company announced on Monday that it received two new so-called design wins for touch sensors. Today’s increase was 11 percent. Sector colleague Precise Biometrics lifted more than 8 percent.
A hefty rise of 7.4 percent was also noted for Net Insight. The Scanian financier Jan Barchan has emerged as a major shareholder with 12 percent of capital and votes.
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