Tuesday, June 28, 2016

Exchange Lift for brexit-collapse – Västerbotten Courier

Economy. Stockholm Stock Exchange rose on Tuesday, in line with leading European exchanges. OMXS index had at the closing gone up by 2.2 percent to 455.0. The recovery comes after brexit collapse of -7.8 percent on Monday.

The upturn was broad, with 28 of 30 shares in OMXS30 index of plus. Most upwards into force of the Index weight pulled shares of pharmaceutical group Astra Zeneca and operator, Telia, with price increases of 4.2 and 5.2 percent.

Truck manufacturer Volvo, whose shares yesterday plummeted by 14.5 percent, went up by 2.4 percent.

Although the shares of major banks, which dropped 9-11 percent, went up. Best was Swedbank, up 4.0 percent.

The steel manufacturer SSAB went against the trend and fell by 1.6 percent.

The share of the betting company Betsson raged at the same time by 26.4 percent since the company warned of a worse result than expected in the second quarter.

London Stock Exchange FTSE100 index rose by 2.4 per cent and the Paris Stock Exchange CAC 40 index. Frankfurt Stock Exchange’s DAX index gained 1.7 percent.

In Monday’s crash – the first trading day after the British referendum decision to leave the EU – was erased 430 billion out of the stock market value. And OMXS30 index decline was the greatest of all time, greater than after the September 11 attacks and the stock market crash in 1987.


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