Wednesday, August 5, 2015

Strong day on the Stockholm Stock Exchange – Business Wire

When closing noted OMXS30 index up 0.8 per cent to the index level of 1625. The total turnover on the Stockholm Stock Exchange to 10.7 billion.

The pan-European Eurostoxx 50 index rose 0.6 percent, although the German DAX did.

In the Swedish large cap index recovered more by commodity companies in the top. The steel company SSAB best performance after a rise of around 6 percent.

ABB, which fluctuated between plus and minus in the morning, advanced sharply after reports that the venture capital company Cevian Capital to increase its stake in power and automation company to 20 percent. According pulled Holdings took Cevian per July 24 shares corresponding to 5.2 percent of the capital in ABB. Cevian would not comment on the information. ABB’s shares closed 2.9 percent higher.

Volvo advanced 0.9 percent after the statistics showed that new orders for heavy trucks in North America, a key market for the truck manufacturer, fell less than expected.

Securitas performed worst in the index after a decline of 7.3 percent. Safety The company reported on Wednesday a quarterly report that was largely below market expectations – including net income was 4 percent lower than SME Direkt consensus forecast.

Lundin Petroleum also dropped sharply, down 5.2 percent despite rising oil prices on Wednesday. The oil company announced the morning with a report declining sales that were lower than expectations. Additionally, reduced production forecast for the full year 2015 significantly.

Midcap company Unibet presented, however a report well above expectations and its shares ran 11.9 percent.

“The quality of the report was good throughout. What is positive is that it was not about any temporary super strong sportsbook margins, without an underlying good business, “said SEB analyst Stephen Nelson in a comment to the news agency Direkt.

Even Tobii managed to advance after opened accounts. Eye-Sensor Company’s second quarter was marked by high levels of activity in terms of both research and development and sales.

“In summary developed all three business well during the quarter,” writes CEO Henrik Eskilsson in the half year report from the ceo. Share traded 7.2 percent higher.

Gold mining company Semafo, up 3.7 percent, was received very high marks for its six-monthly report on Wednesday. Slightly lower gold production than expected, offset by lower costs.

Hexagon, whose quarterly report is expected on Friday, fell 0.7 percent. Measurement technology company’s US sector colleague Trimble lowered in its report on Tuesday evening outlook for the third quarter.

On the macro agenda received several US figures – including the trade deficit widened in June, more than expected, although the ISM purchasing managers’ index for July did.

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