Stockholm: Nordea and Elux fueled the rise, OMXS30 + 1.9%
2015-01-28 17:42
(SIX) Stockholm Stock Exchange turned a gloomy Tuesday to a brilliant Wednesday. Behind today's rise was mainly Nordea after a report among other things, offered a higher dividend than expected. Second Annual Report who also excelled in the positive sense was, Electrolux, SKF and Getinge. Together, alone, Nordea and Electrolux for over half of today's rise in the OMXS30 index. H & amp; M went against the tide after a report that fell short of expectations. SIX General Index closing up 1.6 percent to 484 and OMXS30 index increased 1.9 percent to 1,563. Turnover was 24.1 billion on the Stockholm Stock Exchange and 34.0 billion including the alternative trading venues Bats, Burgundy, Chi-X and Turquoise. 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 hi gher 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 8.8 percent, as today's most actively traded shares in Stockholm, and was also the shares that lifted the index most. Ball bearing manufacturer SKF's financial statements offered a worse result than expected disregarding negative non-recurring items. Given that these were larger than-expected quarterly profit was slightly above expectations, showing SIX News / Inquiry Financials analyst consensus. Meanwhile quarter sales 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 shares were trading up 4.5 percent for day. Getinge lifted 11 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. Another winner was Electrolux. The white goods manufacturer financial statements surpassed analyst expectations on a broad front. Furthermore raised Electrolux its market forecast for 2015 regarding Europe. "If you ask about the European division's margins and profits will be better in 2015 compared to 2014, 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. Electrolux shares advanced 12 percent. Scania's financial stateme nts 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 step 3.7 percent. Scania is now a subsidiary of the German Volkswagen. H & amp; M's report this morning showed a slightly worse result than expected. They also announced the clothing giant to market to external factors was 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 were down by 1.0 percent and was the share that held back the index rises most. Investor summed up in 2014 with total return for the share of nearly 33 percent while the dividend was increased 8-9 per share. More interesting, however, 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 1.4 percent. Qliro Group, formerly Hut, accounting for today's belly flop. The Share decreased 7.5 percent after a report analyzing the house Remium described as "skimmed". Last year's black numbers on the last line of the quarter was förbytta to red numbers. Lundin Petroleum saw his recommendation lowered to Neutral from purchase of UBS, while Elekta's recommendation was lowered to defer the purchase by Danske Bank. Lundin Petroleum fell 2.4 percent and Elekta folded down 0.6 per cent. 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 Ge neral Index 484 +1.6 +6.2 OMX Stockholm 30 1563 +1.9 +6.7 SIX Return Index 877 +1.6 +6.2 SIX Sweden cyclic 15418 +2.1 +5.0 SIX Sweden defensive 15476 +0.9 +5.7 SIX Volatility Index 13.6 -10.4 -13.2 Magnus Bernet +46 8586163 85 mailto: magnus.bernet@six-group.se www.blogg.six.seSIXNews SIX News
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