Flying start on the stock exchange – Private Businesses

The optimism comes from the proposals submitted by Greece on Sunday evening, “go in the right direction” and “a good basis for progress” under the EU’s economy commissioner, Mr Moscovici.

Prices of raw materials accounted for a mixed development when oil prices rose, while the metals went in different directions.

At about 9:50 had OMXS30 index increased 1.7 percent to 1,588. Shares for approximately SEK 2.9 billion had been traded.

Lundin Petroleum were among the shares that were weakest in the OMXS30 and was up a moderate 0.8 percent since the company has appointed Alex Schneiter, the current COO, as new CEO the oil company after Ashley Heppenstall, decided to leave his CEO post.

“When we look at the future of the company, then the Edvard Grieg should take the step into production and Johan Sverdrup moves forward as needed new management who can take the company forward more than five years and I was honestly not prepared to do. So now it was time to develop a new management team for the company. It might never a good time to get off, but it’s the best time, “said Ashley Heppenstall the news agency Direkt.

Among the peaks in the large cap index was rather industrial stocks such as SKF, ABB and Volvo.

PA Resources has reached an agreement with its largest lenders on the financing for the rest of 2015. The Company receives a short-term credit facility of $ 7.5 million and will use the time to the ongoing review of the company’s future. Shares rose throughout the 24.1 percent on the news.

The forestry giant Stora Enso will close down a packaging plant in Chennai in India, because of the lack of profitability and a significantly reduced local demand. The cost of the company amounts to EUR 8 million. Shares lifted and was up 3.0 percent.

MTG-owned CTC Media has not yet found a buyer in the company’s efforts to comply with the new Russian massmedielag that will limit foreign ownership to 20 percent. MTG who had it tough in the stock market recently strengthened, but only by 1.2 percent and thus lower than the index.

Morgan Stanley has lowered the target price for Ericsson to SEK 95 from SEK 110, while RBC raised the recommendation for Nordea to outperform from previous sector underperform. Ericsson rose 1.7 percent and Nordea 2.0 percent.

highly volatile Fingerprint Cards rose 8.4 percent in heavy turnover.