Economy. Stockholm Stock Exchange fell on Monday as with many of the leading European stock exchanges . OMXS index dropped 0.4 percent.
Swedish purchasing managers’ index, which reflects economic conditions in the industry, rose in July. The corresponding figures in Europe were mostly weak, which had an impact on stock prices.
The decline in the Swedish stock market was wide, but mostly among large companies backed steel maker SSAB (-3.2 percent), the investment company Kinnevik (-1 , 6 percent) and truck maker Volvo (-1.5 percent).
on Friday, reported the European banking authority, a so-called stress test of 51 banks. All the Scandinavian banks did well – and the four major Swedish banks’ shares rose on the stock market opening on Monday. But the turnaround came already in the morning.
SEB dropped most of the banks with a decline of 0.7 percent, followed by Nordea (-0.5 percent) and Handelsbanken (-0.1 percent). Swedbank’s share went against the trend and rose by 1.1 percent.
The oil and gas company Lundin Petroleum were among today’s winners with a gain of 0.4 percent.
security group Securitas also rose , up by 0.6 percent. According to a Reuters survey tracks the expertise that the company will report an improved profit for the second quarter.
FTSE index dropped 0.4 percent and the Paris Stock Exchange’s CAC Index 0.6 percent. Frankfurt Stock Exchange DAX index closed unchanged.
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