Monday, October 6, 2014

The upside on the Stockholm Stock Exchange – helagotland.se

The upside on the Stockholm Stock Exchange – helagotland.se

The rise is in line with developments in the leading stock markets in Europe and Asia, and follows in the wake of strong jobs figures from the United States who came before the weekend.

Icagruppen rise above 7 percent since the retail giant announced that it sells its loss-making operations in Norway Coop Norway for SEK 2.8 billion. The deal will give a gain of one billion, according to Ica.

Electrolux goes up by 3.8 percent, the most of the 30 largest companies. Kepler Cheuvreaux gives the company a buy recommendation and has raised the target price from SEK 145 to SEK 235 per share.

Nokia rising 3.2 percent. According to speculation in the trade press has a deal between Samsung and Microsoft increased Nokia’s rights to receive compensation for the patents that the company retains the right to.

A few large caps fall. SSAB is at minus 1.7 percent. The company has been lowered target price of several banks following last week’s Capital.

Kinnevik has a weak trading day after investors’ disappointment with IPOs last week. Shares fall 0.9 percent.

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