Monday, December 19, 2016

The stockholm stock exchange: Greatly boost to the crisis-ridden Eniro – Business

the stockholm stock exchange was trading negative in the morning, and banks weighed down. Raw materials and health care were also on the minus. SCA lifted, however, already at the opening after its after of bandagetillverkaren BSN. Telecom, energy and technology was also plusbranscher.

the OMXS30 index was unchanged at 1.546 at 13.45-time. The turnover on Stockholmsbörsen was approximately sek 11 billion.

On makrofronten was the German IFO index on the German näringsklimatet in december, slightly better than expected: 111,0 against the expected 110,6 according to Bloomberg.

the SCA was the most traded share, rose 2.2 per cent after news of the acquisition of bandagetillverkaren BSN Medical by EQT. The price corresponded to more than 20 times the adjusted operating profit of the BSN.

the Deal is designated as “definitely not cheap” and also with a somewhat unexpected timing of the Evli analyst Markku Jarvinen in a comment to the News agency Directly. SCA’s president and ceo Magnus Groth said at a teleconference that the BSN is topped SCA’s shopping list for several years. More acquisitions according to the ceo of possible, but not in the near future.

“It is too early to speculate about it. Now we will work to integrate the BSN in the best possible way in a couple of years. But, of course, further industry consolidation is possible on a little run,” said Magnus Groth.

Other winners in the OMXS30 was Telia, which rose 2 percent, and Fingerprint Cards which strengthened 1.8 per cent after last week’s descent. A operatörsnyhet for the day which may have favored the Telia Vodafone’s announcement that the company will begin monitoring the drönartrafik.

One of the weakest big was Astra Zeneca, which dropped 1.7 per cent. This is despite the fact that the share is one of sektorfavoriterna for Jefferies, according to a recent sektorgenomgång.

On the downside in the OMXS30 index were also the four major banks, which all but Nordea fell one per cent. Nordea kept receiving something better and was “only” down 0.5 percent.

Swedish Match was traded on Monday without the right to an extraordinary dividend of sek 9.50 but the share fell slightly less: less 8:60 sek (2.8%).

Among the smaller companies went to Africa Oil very strongly with a rush of almost 11 percent after a buy recommendation in Today’s Industry. Even small Eniro has steamed on the last few days and with today’s rise of 10.5 per cent sums up the rise in the last week to 34 per cent.

Bränslecellföretaget MyFC continued to swing, as it has done since the publication of the supply agreement with the chinese Telling. The share was now down by 3.6 per cent.

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