The Stockholm stock exchange fell on Tuesday. The broad OMXS-index retreated 0.3 per cent.
For the food conglomerate Axfood, it was a more pleasant trading day after the purchase of City Gross – the share rose 2.1 per cent.
The majority of the most traded shares in the OMXS30-index retreated. At the bottom were the property company SBB, the vehicle safety company Autoliv, and the Stenbeck family's power company Kinnevik, all of which fell 4.4–4.2 per cent.
Axfood's share went against the trend and rose 2.1 per cent after the announcement that the food conglomerate is buying the remaining shares of the retail chain City Gross for two billion. Axfood previously held a 10 per cent stake in City Gross.
Skanska has received an order worth approximately 530 million kronor to clear up after the collapse of the Francis Scott Key Bridge in Baltimore, USA. Skanska also reports that it has sold an office building in Poznan, Poland, for 920 million kronor. The construction company's share rose 1.9 per cent.
Competitor Peab has received an order for the expansion of the E20 at Mariestad worth 848 million kronor. Peab's share advanced 3.1 per cent.
The development in Stockholm was in line with the trend on leading European stock exchanges. They continued to fall after Monday's price drop, in the wake of French President Emmanuel Macron's call for new elections following the setback in the EU election.
The Stockholm stock exchange fell 0.7 per cent on Monday. So far this year, the exchange is up 8.9 per cent.
