Stockholm Stock Exchange.
The courses on the Stockholm Stock Exchange rebounded today’s initial declines and was seen after noon in clearly positive territory in which all sectors are trading at plus. The trend was similar in the rest of Europe, with the London Stock Exchange, as exceptions. In Asia showed a more irregular trade where Japanese stock markets were penetrated weekend.
SIX General Index was at 13:33 0.5 percent higher at 488 while the OMXS30 was 0.6 percent higher at 1415 . Sales amounted to SEK 4.6 billion on the Stockholm Stock Exchange. Trade also occurs in other venues such as Bats, Chi-X and Turquoise.
The Swedish consumer price index, CPI, exceeded both analysts and the Riksbank’s expectations with an annual rate of +1.1 percent in July. The Swedish krona strengthened and bond yields rose slightly after the statistics presented.
“Today’s figures are of course welcome the Riksbank and supports our forecast that the central bank will sit still in September and beyond,” said Nordea’s chief analyst Andreas Wallström .
Among the Swedish company announced SAF-Holland that it will not raise its current bid for the engineering company Haldex, representing 94.42 per share. The decision is based on a re-evaluation of the consideration in the light of a higher offer announced by ZF Friedrichshafen 4 August 2016. ZF Friedrichshafen bid is $ 100 in cash per share in Haldex. Haldex went against the trend and fell 4.8 percent to 99.75 kronor shares.
The reporting period for this time suffering to an end, but during the day has a number of smaller companies have taken the opportunity to present their interim figures.
The IT and management consultancy HiQ beat both last year’s figures and market expectations. “The stock has done well in recent times (+11 per cent last month), but raised forecasts of the market in the wake of the report can still justify some price increase today,” writes Svenska Handelsbanken. The share was the day up 0.5 percent.
Etrion was the report winners and rushed 15.5 percent after turning last year’s loss into profit in the second quarter.
The telephone manufacturer Doro results declined significantly from last year even though sales and orders increased. Net profit landed at SEK 1.2 million, against 21 million last year. In the interim report reiterates the company forecast profit warning in early July. Shares sank 2.8 percent.
The medical technology company Bactiguard reported a reduced loss for the second quarter compared with the previous year, while the company announced an increase in sales. Shares rose 7.8 percent.
Sister sector Active Biotech has reported a lower loss for the second quarter. Expenses fell during the quarter after the company completed the large phase III study of tasquinimod for prostate cancer. Act was down 7.9 percent.
Biotage benefited in particular from favorable currency effects and reported an increase in profit for the second quarter vs. the previous year’s figures. The market responded by trading shares up 5.8 percent.
Troax reported a marginally higher profit for the second quarter. Shares fell 1.0 percent.
The oil company Black Pearl climbed 0.7 percent after the two analysts houses Alta Corp. and TD Securities raised their price targets to 1.25 Canadian dollars.
Still in ShaMaran sector announced on Wednesday evening that the first oil delayed from Atrush field. After the announcement now lowers Pareto recommendation for oil to keep shares from previous purchases. The share was reduced 1.0 percent.
Pareto initiates while monitoring BillerudKorsnäs with a retention recommendation. Shares rose 0.1 percent.
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