Tuesday, August 2, 2016

Stock market falls by SSAB as sinker – Västerbotten Courier

The Stockholm Stock Exchange continues downwards. At 11.30 o’clock had OMXS index dropped by 1.1 percent to 489.3. The development is in line with the leading European stock markets which weighed down by bank shares after weak reports from several major banks.

The decline is broad among the major Swedish companies. The steel manufacturer SSAB’s shares plummeting in today’s trading and has so far fallen by 4.4 percent.

The biometrics company Fingerprint Cards share has fallen by 2.6 percent.

The major Swedish banks also continues down. The worst is that of SEB shares with a decline of 1.8 percent. Nordea’s share price has fallen by 1.2 percent, Handelsbanken’s shares are down 1.1 percent and Swedbank shares slopes by 0.9 percent.

hygiene and forest company SCA and appliance manufacturer Electrolux grope around zero.

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