The Stockholm stock exchange fell on Thursday in line with leading European stock exchanges.
The broad OMXS index fell 1.7 per cent after unexpectedly hawkish signals from the US central bank the day before.
Among the most traded shares in the OMXS30 index, Nibe Industrier and bearing giant SKF fell the most, down 5.7 and 4.3 per cent respectively. But the decline was broad: 21 out of 30 shares closed on minus.
Outside OMXS30, Volvo Cars fell for the second day in a row, down 7.2 per cent, after the EU's threat to raise tariffs on electric cars from China.
Retail chain Rusta went against the trend with a price increase of 8.3 per cent. The company's year-end report showed a reduced loss, and also included a proposal for increased dividend.
The financially troubled property company SBB was also on the plus side – up 1.5 per cent – after news that lenders can convert their bonds into shares for the equivalent of SEK 2.5 billion in Sveafastigheter.
Stock exchanges around the world were weighed down on Thursday by decreased risk appetite after the US central bank, the Federal Reserve, in its latest interest rate decision scaled back expectations in its so-called "dot plot", which shows the interest rate Fed members expect going forward.
There will only be one cut this year according to the decision, which can be compared to three cuts in the previous forecast. The probability in the pricing of the interest rate market simultaneously points to two cuts this year.
The Fed's interest rate is a crucial factor for the stock market climate, exchange rates and interest rates around the world and also affects the room for other central banks to adjust their interest rates.
Indexes on the stock exchanges in Frankfurt and Paris fell by around two per cent. The London stock exchange fell by almost one per cent.
