Bank shares lift stock indexes – Business World

     Stockholm Stock Exchange. Photo: All over the press
     

Stockholm Stock Exchange, rising in line with Europe’s leading exchanges. Increased demand for banking and financial shares pulls up.

OMXS index just before 16 o’clock gone up 0.7 percent to 511.1.

in Frankfurt and Paris lifts the stock market index 1.2 and 1 percent.

Most upwards by virtue of its index weight draws large bank Nordea, whose stock rises 2.1 percent. The other major banks shares follow up. SEB share lifts 2.7 percent, while Swedbank and Handelsbanken’s shares rise by 1 percent each.

Another heavy winner’s telecoms manufacturer Ericsson, whose shares rise 1 percent.

, the independent Academedia , which went public in June, raising nearly 4 percent after a statement showing a sharp earnings boost.

the stock market rally slowed by locking giant Assa Abloy, whose share pistes 2.3 percent after a lowered recommendation.

another heavy loser is the industrial group Alfa Laval, whose share falls 1 percent since the company announced a new strategic direction to create more organic growth.