Updated 2016-08-19 17:56. Published 2016-08-19 17:53
Friday was part funny story on the Stockholm Stock Exchange which ended the week in the red. The wide OMXSPI index fell by 0.6 percent while the OMXS30 fell 0.7 percent.
The coldest winds vein around Ratos which plummeted 6.2 percent after a report that is not at all the market fell in the taste. Ratos’s reported a loss of SEK 26 million after tax for the second quarter of 2016 and also adjusted down its forecast for the full year 2016 and tracks now that the profit for the year will be slightly lower than last year.
Heating Engineering company Nibe quarterly figures received, however, a much warmer reception. Sales landed at 3,301 million, while operating profit amounted to SEK 405 million against the anticipated 397 according to SME Direkt. Operating margin was, in turn, to 12.3 percent, which was 0.3 percentage points above expectations. Shares lifted 3.3 percent.
Even bilbesiktningsföretaget Opus delivered a well-oiled report was met with open arms on the Stockholm Stock Exchange. Profit after tax landed at 50.5 million, compared with analysts’ forecast of 30 million. The EBITDA margin amounted to 25.7 percent, which was well above analysts’ forecast of 20.8 percent, according to SME Direkt. Shares rose 4.8 percent.
On Large Cap , it was gaming company Betsson, who had a tough 2016, which took the lead with a rise 5.3 percent. A recent analysis indicates Handelsbanken that it is unlikely that the company will go on as much headwind during a quarter again, and insiders have increased their holdings recently. Thus raised to its recommendation to Buy and target price to 102 crowns. Upon closing stood Betsson share of 86.55 crowns.
Carnegie raised its recommendation for the engineering consultancy Sweco from the containers to purchase. Shares rose 4 percent.
At the other end of the spectrum placed mining company Boliden, which fell 2.4 percent. ABG Sundal Collier cut its recommendation of the stock to sell from previous retain and grind down target price to 160 crowns from the previous 165 crowns. Meanwhile, the German Berenberg took the opportunity to take up coverage of Boliden with the recommendation and keep the target price of SEK 180. Boliden closed at 188.8 crowns.
Other losers were gaming company Unibet and cable television provider Com Hem, who both fell 2.2 percent and lock manufacturer Assa Abloy, which dropped 1.8 percent.
Even out in Europe advised the grim exchange times and the German DAX fell 0.6 percent, the French CAC40 by 0.8 percent, while the London Stock exchange FTSE 100 fell 0.2 percent.
Loading image attachment …
include quote image
No comments:
Post a Comment