Exchange continues upwards – Private Businesses

Exchange continues upwards – Private Businesses

Several sectors were represented in the top where Securitas hold on first place. Weighed made reporting Volvo, ABB and AstraZeneca.

Shortly after 14:30 noted OMXS30 index in 1586, representing an increase of 0.4 percent.

The turnover on the Stockholm Stock Exchange amounted to SEK 10 billion. On the continent was the Euro Stoxx 50 index down 0.3 percent and the German DAX fell 0.1 percent.

The ECB will no longer accept Greek bonds as collateral put some pressure on sentiment, mainly European Banks were the worst sector in Europe.

Swedish point was the major focus on interim reports and Securitas was one of the companies awarded with a price rise.

Security company’s profit was higher than expected, but perhaps the most pleasing aspect of the shareholders to the organic growth was 5 percent in the quarter – the highest rate in mighty long time for the company and clearly higher than analysts had expected. Shares rose more than 7 percent.

An extra dividend of SEK 10 took off at Tele2, which rose 6.8 percent. The telephone company receives SEK 4.5 billion from the sale of the Norwegian operations to TeliaSonera.

As the price of oil went up on the plus followed Lundin Petroleum and shares rose 2.7 percent.

Assa Abloy’s report, with the exception of China stronger than expected on most points was rewarded with an increase of 2 percent.

Avnet, which reports next week, got thoroughly momentum with an increase of 6, 5 percent. Handelsbanken has resumed its coverage with the recommendation purchase.

In the bottom layer thronged other reporting companies and Volvo was the worst performing with a loss of 3.8 percent.

Truck manufacturer is burdened by plant division VCE and languished not to live up to either profit or margin requirements. On the plus side found a surprise high order intake and forecasts of market trends in in Europe and North America.

Even Astra Zeneca low of minus, more than 2 percent. Results were worse than expected and the pharmaceutical company predicts that revenues for 2015 will fall slightly compared with 2014. Pfizer on Thursday announced a giant acquisition further reduces the likelihood that Pfizer makes a new attempt to incorporate Astra.

ABB was also at the event, nearly 1 percent backed shares. Orders received and the results did not live up to pre tips. At the press conference revealed that there are plenty of quote requests in the market which, according to company management will ensure the continued stable order.

The list of mid-sized companies was topped by Eniro who climbed 4 percent ahead of Friday’s report. Handelsbanken was the largest visible net buyers.