Stockholm: Exchange gives big corporations reporters thumbs up, OMXS30 + 1.5%
2015-01-28 14:38
(SIX) After another round of big corporations reports listed Stockholm Stock Exchange steady gains and new daily high during the Early Wednesday afternoon. Rapporteurs after noon included SKF and Getinge, where the market slips received positively. Among morning report company keeps the lift of Nordea and Electrolux itself while H & amp; M-accounts placed shares that today's Index sinker. "It's not cheap," noted Investor's CEO Börje Ekholm around company valuations in the stock market and in private equity transactions. Investors financial statements offered several news. SIX General Index was seen at 14:25 up 0.6 percent to 480 while OMXS30 index increased 0.8 percent to 1,545. Turnover was 12.7 billion on the Stockholm Stock Exchange and 18.2 billion including the alternative trading venues Bats, Burgundy, Chi-X and Turquoise. Ball bearing manufacturer SKF's financial statements offered a worse result than expected disregarding negative non-recurring items. Taking into account that these were larger-than-expected quarterly profit was slightly above expectations, shows SIX News / Inquiry Financials analyst consensus. Meanwhile, the quarter's revenue, however, 3 percent better than analysts were expecting and SKF came with both an increase in the first -quarter forecasts and a surprising savings program with the goal of save 1.2 billion per year. The stock has traded up 4.0 percent for day. Getinge lifted 10 percent. Worse-than-expected quarterly results on profit and revenue were offset more than offset by the medical technology company announced quantified costs related to discussions with the US regulatory authority FDA. Risk reduction and increased visibility will be the effect, said Swedbank pharmaceutical analyst Johan Unnerus SIX. Scania's financial statements boosted truck competitor Volvo's share. Scania's order intake increased overall in the fourth quarter, with a strong ending the year on its European markets. Volvo rose 3.2 percent. Scania is now a subsidiary of the German Volkswagen. H & amp; M's report this morning showed better than expected quarterly results. However, announced the clothing giant to market to external factors have been slightly negative for the purchase period until the fourth quarter. Exanes analysts predict continued pressure on margins for the company. Citi found, however, that the report was solid and continues to köprekommendera. H & amp; M backed by a modest 0.7 percent and was the shares that held back the index rises most. Electrolux financial statements surpassed analyst expectations on a broad the front. In addition raised the appliance manufacturer's market forecast for 2015 regarding Europe. "If you ask about the European division's margins and profits will be better in 2015 compared to 20 14, I say yes. But I do not improvement rate will be as high as it was in 2014, compared with 2013, "said CEO Keith McLoughlin SIX. Elux shares lifted 12 percent. Nordea was the first of the major Swedish banks with the financial statements. Operating income was roughly as expected while dividend of 0.62 euros per share exceeded the consensus at 0.57 euros. Other positive elements was higher net commission income and lower loan losses than expected. Nordea's net interest income and cost were disappointments in Report according to Exane BNP Paribas analyst Andreas Håkansson. "I believes that the market today will focus more on the unexpected high dividend, "he told Dow Jones Newswires. Nordea rose 6.9 percent and was the share that lifted the index most. Investor summed up in 2014 with total return for shares in the near +33 percent while the dividend was increased 8-9 per share. More interesting, how ever, was the investment company's announcement that the current CEO Börje Ekholm hands over to the Investor Director Johan Forssell and instead become head of Patricia Industries - working title of an upcoming division where Investor many and large unlisted investments will be collected. Shares rose 1.0 percent. When the market is well melted clearly today's reports will gaze likely to be looking towards tonight's monetary policy decision from US Federal Reserve, at 20:00 Swedish time. Indices later today% year% SIX General Index 483 +1.3 +5.9 OMX Stockholm 30 1557 +1.5 +6.3 SIX Return Index 875 +1.3 +5.9 SIX Sweden cyclic 15419 +2.2 +5.1 SIX Sweden defensive 15475 +0.8 +5.6 SIX Volatility Index 13.7 -9.8 -12.6 Johan Eklund, +46 31 350 64 87 mailto: johan.eklund@six-group.se www.blogg.six.seSIXNews SIX News
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