Sad end to the week – Private Businesses

Sad end to the week – Private Businesses

OMXS30 closed 0.8 percent lower at 1,445. Turnover on the Stockholm Stock Exchange amounted to SEK 13 billion.

On the continent backed the Euro Stoxx 50 index increased by 3.1 percent and the German DAX was down 2.2 percent.

“It has been very turbulent around the new year, albeit at a high index level, with a little sense of profit-taking. For the Swedish part worn we from that it has been weak in the US versus that we have a very good seat in many Swedish companies through a strong dollar. Ericsson and other dollar-sensitive companies have gone off. So we have a theme we can go on, but we have difficulty walking Index terms to the world. It is a bit of a roller coaster, “said a broker in a comment Direkt.

Friday’s labor market data from the US showed that the number of people employed outside the agricultural sector grew by 252,000 in December. Unemployment was 5.6 percent. Expected was +240,000 persons compared to November and an unemployment rate of 5.7 percent, according to Bloomberg News forecast average.

“On the one hand, you feel pretty safe in this situation with low interest rates and ample liquidity. At the same time US interest rate hikes ahead, ECB meeting soon when it is hoped that Draghi can obtain quantitative easing and then we have elections in Greece, “said the broker.

Lundin Petroleum lay with its decline of 2.8 percent in the bottom of the OMXS30. Brent crude was listed again below 50 dollars a barrel on Friday. In this context, Deutsche Bank, which holds that Lundin Petroleum absence of oil price hedges threaten the company’s balance sheet, decreased perception of shares to keep.

Among other stocks that weighed in the index were found, Alfa Laval, SSAB and TeliaSonera along with major banks .

Spanish Santander stood out the most in the banking sector in Europe, with a decline of 14 percent in the slips on the price of the Bank’s placement with lower dividend. Italian Unicredit was another loser with its decline of 7 percent and the bank index in Europe fell 3.4 percent overall. The major Swedish banks fared better, down 1.2-1.9 percent.

Outside the large cap index dropped Millicom, down 3.5 percent, the most among Stockholm’s Large Cap companies after JP Morgan lowered its recommendation for shares to neutral.

Friday’s winner in the OMXS30 was Boliden, following a rise of 1.9 percent. Tieto topped otherwise the winner list of the Stockholm Stock Exchange’s major label. Shares rose 2.6 percent on news that it will be included in the Helsinki Stock Exchange Blue Chip index H25.

This Week Course rocket Aerocrine, who was traded without the right to participate in the rights issue, went up by over 50 percent. During a presentation on Friday said medical technology company’s chief financial officer to issue more than 400 million will be sufficient to achieve profitability.