Greece presses Exchange – Private Businesses

Around the clock 13:35 OMXS30 index traded 1.3 percent down at index level of 1533. Sales of traded shares amounted to approximately SEK 5.7 billion.

In the rest of Europe appeared similar declines. Euro Stoxx 50 recorded 1.8 percent down. German DAX traded 1.4 percent lower and the French CAC 40 had fallen 1.7 percent.

Greece’s referendum on Sunday, it was a clear victory for the ‘no’ to lenders’ saving schemes. On Monday morning announced that Greek Finance Minister Yanis Varoufakis unexpectedly his resignation.

Now Greece is awaiting a statement on the election results from heavyweights. During the day, Prime Minister Alexis Tsipras to announce a successor to the Exchequer and on Tuesday will Eurogroup finance ministers hold an extraordinary meeting on Greece.

In large cap index OMXS30 managed only two shares reaching above zero. The sectors losing the most was the bank after the Greek announcement, and commodities firms after falling commodity prices. Among other copper dropped more than 3 percent.

The worst in the OMXS30 was the mining company Boliden, following a fall of 2.8 percent. Although steel company SSAB was found in the ground and floated 2.5 percent down.

All the bank’s shares were listed within the range minus 1.3-1.8 percent.

Ericsson was the most traded share, with 430 million kronor, and traded 1.3 percent down.

The media company MTG managed to perform significantly better than the index. Shares rose 3.6 percent after the Russian UTH offered USD 200 million for 75 percent of the assets of MTG’s associated company CTC Media. A deal with UTH would mean that MTG sells its entire shareholding of 37.9 percent.

Although the pharmaceutical company AstraZeneca managed to advance, up 0.6 percent.

Electrolux declined 1.1 percent and traded at 234 crowns after Morgan Stanley lowered the price target from 340 to 290 kronor, while overweight recommendation repeated.

Industrivärden presented a quarterly report with a negative result was significantly lower than the corresponding quarter last year. The share was down 1.0 percent.

Although the medium-sized real estate company Dios, which rose 3.2 percent, opened their accounts but reported earnings for the second quarter, which was better than the corresponding period last year.

CybAero, which is listed on First North, fell 19.8 percent. Drönarbolaget has decided on a new share issue with preferential rights for existing shareholders of approximately SEK 65 million.

On the macro agenda awaited statistics of American service PMI at 15.45 and the ISM for the service sector at 16.00.