Sunday, February 7, 2016

STOCK EXCHANGE: DOWN for metal and engineering companies, OMXS30 -0.3% – Dagens Industri

STOCKHOLM (AFX) Stockholm Stock Exchange slightly lower on Friday morning with the metal and engineering companies in the bottom after Thursday’s strong performance.

At 10:15 o’clock OMXS30 had fallen 0.3 percent to the level of 1330. Shares of about 4 billion had then traded on the Stockholm Stock Exchange. German daily noted while 0.5 percent lower.

Arcelormittal fell sharply in Amsterdam since the steel giant reported and also confirmed plans to bring in $ 3 billion through a rights issue.

In addition traded metal prices somewhat lower. The Swedish steel company SSAB dropped around 3 percent, while Boliden recorded 1.6 percent down.

Even manufacturing companies weighed on the index after Thursday’s rally. Sandvik and SKF were both, for example, just over 1 percent down and Atlas Copco fell 0.5 percent.

TeliaSonera rose nearly 1 percent. The company is said to hold talks with Russian MTS around a sale of assets in Turkish Fintur, in which TeliaSonera owns just over 58 percent. Tele2 rose 1.5 percent while in the operator sector.

Fingerprint continued to fall after Thursday’s report and was down 5.5 percent to 405 kronor.

In the morning’s report found the Volvo flow close to 2 percent up. Outside the large cap index advanced Hexagon around 8 percent since the figures for the fourth quarter generally been better than expected, while the dividend was increased slightly more than the average expectation of analysts SME Direkt survey. The message of 4-8 percent organic growth for 2016 was repeated on.

Betsson fell more than 7 percent since it released figures for the fourth quarter was affected by the recent meddeladde German tax cost. The current quarter has begun with income below the daily average for the fourth quarter of 2015, it appeared on.

Holmen dropped 4 percent since the company reported an operating loss for the fourth quarter burdened by non-recurring items. Adjusted operating profit was marginally lower than expected and the dividend proposal was somewhat modest.

Axfood lifted contrast, 6 percent since it announced an extraordinary dividend of SEK 4, in addition to an ordinary dividend of SEK 5 (expected 5:12 SEK). The figures for the fourth quarter was slightly higher than expected. Axfood tracks that operating profit in 2016 will exceed the 2015 results. According to SME Direkt consensus has slightly more than 5 percent in earnings in the current year, against 2015, was expected.

Husqvarna rose slightly. The operating loss in the fourth quarter was slightly lower than expected in the market.

Midway and Tradedoubler retreated 12 percent and 4 percent since the companies reported negative quarterly figures.

Vitrolife lifted around 8 percent since it reported a strong performance boost and a hefty dividend increase.

Continuing the company Agenda:

* During trade expected monthly statistics from the SAS and reports from the company, Nobia, Bilia and Industrivärden.

Macro statistics:

* Macro week ends on a positive note with the US jobs report for January, at 14.30. At the same time released even the US trade balance for December.

* In the morning, German industrial orders for December showed a slightly more negative than expected.

Graph: OMXS30 index Friday, February 5

   
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Source: Infront





Malcolm Smith Roth Maier +46 8 5191 7918
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