On commodity markets slowed although the decline of oil up in the morning. An explosion at a refinery in Kuwait may have contributed to the recovery in oil prices, thought Commerzbank commodity strategist Carsten Fritsch.
At 13:40 o’clock OMXS30 was 0.2 percent higher and stocks for approximately SEK 5.5 billion were traded.
The fashion giant H & amp; M’s total sales rose 16 percent in July, compared with the same month last year. It was stronger than the 12.2 percent analysts on average had expected according to SME Direkt and the stock rose 1.0 percent. H & amp; M’s rise slowed after a strong start to the trading day.
A majority of the shares in the OMXS30 was in surplus. In addition to H & amp; M listed Securitas and Handelsbanken gains of around 1 percent.
Fingerprint Cards and Precise Biometrics continued to be very heavily traded and on Monday backed the shares after strong gains of late. Fingerprint was down 6.3 percent and Precise 1.0 percent.
The oil exploration company ShaMaran expects to start production at Atrushfälten in Kurdistan to take place in mid 2016. The company has previously spoken about to start production in the fourth quarter of 2015, but in early summer flagged for delay on “a few months”. The stock market was disappointed, and shares traded down 6.7 percent.
Addvise, which are traded on First North estimates that net sales excluding acquisitions will be in the range of 160-170 million for the full year 2015 and EBITDA margin before any acquisition costs, will be at least 7 percent. Shares rose 4.6 percent.
Opcon was up 6.6 percent. The Company has, in accordance with the share purchase agreement signed for the sale of the bulk of the Group’s activities in compressor technology and Waste Heat Recovery to Chinese Fund Shanghai Xingxuekang, received 15 percent of the purchase price.
The investment company Industrivärden advanced 0.3 percent. The stock is worth buying at current price levels, like Dagens Industri, which in its Monday analysis highlights an upside in the form of a possible merger of Lundbergs.
In the latest issue of Börsveckan recommended, among other things, the purchase of Vitec, who responded with to rise 6.8 percent.
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