Thursday, February 26, 2015

Even a strong trading day – Private Businesses

Even a strong trading day – Private Businesses

Among mid-cap companies rushed Fingerprint Cards 25 percent.

OMXS30 index closed 0.4 percent up to the level of 1684.8. Turnover on the Stockholm stock exchange was moderate SEK 12.8 billion.

The Chinese Premier Li Keqiang set the tone in parts of Asia by declaring that he wants to see more action to support growth, while in a publication from China’s central bank argues for the need for monetary easing to counter deflation risks.

The Chinese stock markets reacted positively, as Tokyo’s Nikkeiindex. While base metals such as copper and zinc advanced, while the dollar became more expensive.

From Germany it was announced that the number of unemployed fell more than expected in February compared with the previous month, also an economic positive signal.

In large cap index topped the mining company Boliden with a rise of 1.7 percent to 169: $ 40, the highest price since the summer of 2000. A little extra help received shares possibly to Citi has raised the target price to 186 crowns, from the previous 160 crowns.

The sector also lifted Lundin Mining 1.1 percent, while gold digger Semafo performed only slightly better than the index.

The big banks were also stable at plus. The best was the SEB and Handelsbanken, both of which rose about 1 percent.

Although most cyclical engineering companies noted higher. Alfa Laval rose 1.3 percent, 1 percent, ABB and Sandvik 0.7 percent.

The oil company Lundin Petroleum was the weakest among the largest companies, with a decline of 0.8 percent. Oil prices fell back after a rebound late on Wednesday.

Fingerprint Cards, which produces technology for fingertrycksavkänning, rushed 25 percent. The company reported an EBITDA of -16.4 million (-11) for the fourth quarter and annual sales of 105 million (34), but reiterated the forecast of sales of over 1 billion 2015th

It also emerged that the company will showcase its new touch sensor during the Mobile World Congress in Barcelona in early March.

Mycronic lifted 6 percent to SEK 56:75 thereby laying a second day with a big rise behind. The company announced on Wednesday an order for a new type of mask writers. Since the beginning of the shares up the whole 129 percent.

Game sector experienced some pressure since the Gaming Board had Apple to remove apps from at least twelve gaming company from its Swedish business, including Unibet and Betsson. The shares fell 1 percent and 1.1 percent.

A strong quarter results and a dividend increase of 26 per cent gave a boost to the NGM listed brewery shares Kopparberg, which ended the day slightly more than 11 per cent up.

In the same direction went game developer Starbreeze, which reported declining profits but more sales. Shares added 3.7 percent.

The shareholders of plant lighting company Heliospectra saw his stock plummet nearly 14 percent after a big loss for 2014 and a negative cash flow in the second half.

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