Thursday, April 21, 2016

The shares that defies stock market decline – Business World


     Stockholm Stock Exchange. Photo: Jörgen Appelgren / Business World
     

Stockholm Stock Exchange begins the day with slightly falling prices, in line with developments in the leading European stock exchanges. After a quarter trading had OMXS index declined by 0.2 percent.

ABB rising 3.2 percent after the industrial group reported a profit that was much higher than analysts had expected.

Although Telia rise after its interim report. The company’s profit was also slightly higher than analysts had expected, and CEO Johan Lind He raises expectations slightly for the full year. The share goes up by 2.2 percent.

Volvo rise by 0.9 percent.

Swedbank drops by 1.3 percent, most of the banks. Crimes Bureau announced today that the preliminary investigation against the sacked CEO Michael Wolf is closed.

SSAB continues into day and slopes with 1.4 percent.

The Intrum Justitia share rushing with eight percent. Both profit and sales rose in the first quarter. Betsson plummeting as much for its interim report.

Axfood’s stock rises by about four percent. Earnings rose sharply in the first quarter.

MTG increased sharply after the stock market opening but has fallen back slightly and traded around zero, after about a half hour of trading. Earnings declined in the first quarter, but was still a bit above expectations.

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