(SIX) Stockholm Stock Exchange made a slight recovery ahead
closing but remembered remain on the minus side when the final whistle sounded, to
Unlike the European stock markets as a whole closed at plus. It was
the week’s last trading day on the occasion of midsummer tomorrow.
Large companies such as ABB, Volvo and Ericsson weighed on the index, while Boliden
one of those who went against the tide.
SIX General Index had fallen upon closing 0.3 per cent to 491
while the OMXS30 index fell 0.3 percent to 1,562.
Turnover was 17.6 billion kronor on the Stockholm Stock Exchange and 24
billion, including alternative trading venues Bats, Chi-X and
Turquoise. Average turnover on the Stockholm Stock Exchange is usually
about 13-15 billion.
The afternoon began Eurogroup meeting in Luxembourg where
Greece is the protagonist. Judging by the comments on the way in
to the meeting, expectations were low and the situation was assessed as locked.
“Today is a difficult meeting. Although the Eurogroup will not reach a
settlement with Greece in the evening so the parties must maintain a properly
talks to pave the way for a solution in the coming days, “said EU
Economics Commissioner, Mr Moscovici for the meeting. The reported SIX
News correspondent is on location in Luxembourg.
On Swedish soil invited Thursday to two additional stock market debuts in the form
the bus operator Nobina and hotel property company Pandox, with mixed
outcomes. Hindsight was a rise of Pandox while Nobina fell.
Nobina’s introductory course was set at SEK 34 per share,
which was at the bottom edge of the previously announced price range of
33-40 crowns. The closing price solder SEK 32, which meant a decline
of about 5.9 percent.
Pandox, which rose initially to 113 crowns at most, from
introduction price of 106 crowns. At the closing price stood at 107.10
SEK, corresponding to a rise of around 1 percent.
Among big companies weighed on the index synthesis Ericsson, down 1.3
percent, together with Volvo and ABB. Boliden seemed, however, have
supported by the weaker dollar, which contributed to rising metal prices
and its shares rose 1.9 percent. Although TeliaSonera and H & amp; M weighed on the
positive side, up 0.7 and 0.4 percent.
The deliveries from the Volvo Group’s truck operations in May amounted
to 17,475 trucks, which were lower than the 18,260 trucks
the market had expected according SIX News / Inquiry Financials survey.
The figures testified clearly worse than expected deliveries in Europe, but
slightly better than expected in North America. Shares fell 1.9 percent.
On analysis, the front was noted that UBS has reduced the recommendation for
power and automation company ABB to sell from neutral previously.
Shares fell 3.4 percent. Furthermore, UBS raised its recommendation for
Atlas Copco from Sell to Neutral and engineering shares rose 0.3
percent.
Airline SAS reported a profit before tax of 355 million
crowns for the second quarter in the company’s split financial year, where
expected result was 407 million kronor, according to SIX News / Inquiry
Financials analyst survey.
The investor community, however, seemed to take note of the fact that SAS raised its
full-year forecast for profit 2014/2015 and sent shares up 6.1
percent.
Quarterly figures also came in from the ski resort company Skistar
which presented its third quarter, the months of March to May in the broken
the financial year 2014/2015. Profit before tax landed at 229
million, an improvement of 159 million for the corresponding
period last year. Shares rose 2.1 percent.
Swedol has a new principal owner Nordstjernan who bought close to 30
percent of the shares of the owner family Zetterberg for 20 bucks a pop.
Shares rose 6.2 percent to 18.80 crowns.
Index later today% This year%
SIX General Index 491 -0.3 +7.7
OMX Stockholm 30 1562 -0.3 +6.7
SIX Return Index 917 -0.3 +11.1
SIX Sweden cyclic 15460 -0.4 +15.4
SIX Sweden defensively 15,489 +0.0 +8.8
SIX Volatility Index 19.5 -3.1 +25.0
Louise Thorslund
mailto: louise.thorslund@six-group.se
www.blogg.six.seSIXNews
SIX News
No comments:
Post a Comment