Monday, August 15, 2016

Shares lift the stock market – Business World


     Stockholm Stock Exchange. Photo: All over the press
     

Stockholm Stock Exchange than on Monday morning with H & amp; M in the lead. Better-than-expected sales in July, clothing shares to lift the large cap index.

SIX General Index was at 10:01 approximately 0.7 percent higher at 491 while the OMXS30 was 0.7 percent higher at 1425 . Sales amounted to SEK 1.5 billion on the Stockholm Stock Exchange. Trade also occurs in other venues such as Bats, Chi-X and Turquoise.

H & amp; M surprised on the morning of July 1st sales that beat market expectations. Sales rose 10 percent in July, compared with the same period last year. The market had expected a sales increase of 8.6 percent. Shares rise 2.8 percent as the exchange’s most heavily traded share.

Clas Ohlson , it was worse. Sales in July were down 1 percent against the same period last year. Sales were negatively impacted by a calendar effect of about 3 percentage points due to fewer trading days compared with the previous year, according to the company. The market had expected an increase of 1.9 percent. Its shares are down 0.4 percent.

Eniro CEO Stefan Kercza left on Friday the company with immediate effect and the interim report was published prematurely. The report contained an improved results and a new write-down -873 million. The Company is in the morning a telephone conference with the newly appointed CEO Örjan Frid. The share pistes 6.3 percent.

Audiobook company Storytels sales increased significantly during the second quarter and earnings improved. For the current quarter, which included high season, summer, provided revenue forecasts. The share went up 5.1 percent.

Africa Oil reported late Friday night, a result that did not include any operating revenues and where operating costs were lower than last year. Its shares are up 0.9 percent. Although mining company NGEx Resources released the report late Friday and rises in the day 6.3 percent. The net loss was lower than last year and no revenues reported in the previous year.

Research Company Hamlet Pharma rush 26 percent after having announced that it is entering a new phase where focus is on the production of the company’s drugs.

on the recommendation of the front has Börsveckan in the latest issue given buying advice to AQ Group , IAR Systems , Capio and Nilörngruppen . Securitas and Thule is given a neutral recommendation and the newspaper is to wait for sector colleagues Betsson and Unibet . Leovegas gets its part a sell recommendation. Newly listed Academedia get a wait-recommendation.

AQ Group and IAR Systems is up 3.3 percent each, Capio is up 1.5 percent and Nilörngruppen is up 2.8 percent. Securitas is up 0.9 percent and Thule is unchanged. Betsson and Unibet is up 0.9 and 0.5 percent. Even Leo Vegas and Academedia is up 0.9 and 0.4 percent.

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