Video: real Estate weighed down, while banks lifted – Today’s Industry

Thursday was a heavy day for real estate companies, which fell firmly in the wake of concern over rising interest rates. Major banks, however, in the other direction, and lifted on a broad front.

Stockholm stock exchange’s broad OMXSPI index, began on Thursday, with a rise, but then fell back and closed just below zero. Storbolagsindexet OMXS30 step in turn, with 0.4 per cent.

real estate companies acted sinker and dominated completely on the bottom. The decline is explained by the real estate company for a long time have been measured up because of the low interest rates and that european investors are increasingly concerned about the rising bond yields, according to Morgan Stanley.

Because there is a strong link between low interest rates and higher fastighetsaktiepriser would a potential rise in interest rates be a stiff headwind for the sector, according to Morgan Stanley.

"Many real estate companies are valued very highly against their well as the net asset after a longer period of time with the rebound. With a high-priced sector hits now the volatility is back and some investors take profits," says one analyst told the news agency Directly.

Atrium Ljungberg and Balder pulled the 2.5 and 3.7 per cent, while the branschkollegorna Hufvudstaden and Fabege closed at minus 3.5 and 3 per cent. Clover, Wallenstam and Kungsleden fell between 3.2 and 3.7 per cent.

real estate companies had the company of biometribolaget Fingerprint Cards, whose share fell by 3.9 per cent after data on the chinese customer Huawei is reported to have begun with the so-called dual sourcing, i.e. the use of more than one supplier of fingeravtryckscensorer. It will most likely create konkurrenspress on the Fingerprint Cards margins, according to the Carnegie.

Huawei’s new suppliers are reported to be Goodix and Silead and even if the Fingerprint Cards sensors likely to work better than its competitors’, it is doubtful whether it makes the reason for a substantial premium on the average selling price, according to the Carnegie.

At the other end of the spectrum were the banks. the financial sector was strong on the european exchanges after expectations of lower monetary stimulus from the central banks, the ECB and the Federal Reserve. On the stockholm stock exchange took note of Swedbank and Nordea, a rise of 1.6 and 1.4 per cent, while SEB closed at plus 0.9 percent. Handelsbanken closed, finally, at plus 1 percent.

In the top among the larger companies were vitvarujätten Electrolux, which has received a strong buy recommendation by Goldman Sachs. The share closed at plus 2.4%. Also the industrial group, Sandvik and gaming company Betsson was up to 2.2% and 1.1% respectively.

Among the smaller companies climbed bilkedjan Mekonomen by 1.5 per cent. On Thursday came the news that the company’s president, Magnus Johansson leaves the position with immediate effect and to Pehr Oscarsson, president of Meca Scandinavia, goes in as acting president.

Klädbolaget MQ’s results for the fourth quarter declined, and the share began on Thursday, with the to back. During the afternoon we recovered it and closed finally at plus 0.6 per cent.