Friday, December 30, 2016

Slight decline on the stock exchange – SSAB raging – Svenska Dagbladet

Photo: Johan Hallnäs/TT

When the stockholm stock exchange closed on Thursday, OMXS-index declined 0.4 per cent to 534. The decline was broad on the storbolagslistan OMXS30 index.

the European commodity-dependent companies have it tough on the european stock markets due to falling commodity prices, writes Reuters news agency.

the steel group SSAB went the worst of the Swedish large corporations. Shares fell 3.6 per cent. Other losers were biometriföretaget Fingerprint Cards, which fell 2.4 per cent, the truck manufacturer Volvo, declined 0.9 per cent and the telecom company Ericsson was also down 0.9 percent.

Several of the heavy industribolagen dropped between 0.8 and 1.3 per cent. Among them were Sandvik, Alfa Laval, Atlas Copco, ABB and Boliden.

To the winners among heavyweights heard Tele2 and oil and gas Lundin Petroleum, which were both up 0.5 per cent, and forestry and hygienbolaget SCA, which rose 0.4 per cent.

the London stock exchange’s FTSE index went up 0.1 per cent, Frankfurtbörsens DAX index and Parisbörsens CAC index fell both 0.3 per cent.

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