Home HomeSwedenLivingWorld world_2_fill WorldBusiness BusinessSports sports-soccer SportsEntertainmentEntertain

Stock Market Falls – Red Numbers Among Large-Cap Stocks

The Stockholm Stock Exchange fell on Tuesday and closed at minus 0.7 percent. The investment company Kinnevik went against the trend and soared after Tuesday's quarterly report.

» Updated: 03 September 2024, 18:37

» Published: 09 July 2024

Stock Market Falls – Red Numbers Among Large-Cap Stocks
Photo: Fredrik Sandberg/TT

The Stockholm stock exchange fell on Tuesday and closed at minus 0.7 percent.

The investment company Kinnevik went against the trend and surged after Tuesday's quarterly report.

The decline among OMXS30 stocks was broad at the close, with 24 out of 30 stocks falling on Tuesday.

Examples include the bearing manufacturer SKF, which fell 3.1 percent. The major banks also ended the day in the red – for the second day in a row. For example, Swedbank fell by 2.0 percent and Nordea by 2.4 percent.

In contrast, the game developer Evolution rose 0.7 percent.

The investment company Kinnevik's share surged 5.0 percent after its report for the second quarter.

The defense group Saab announced on Tuesday that it had received a billion-kronor order from the Lithuanian Ministry of Defense for the air defense system Mobile Short Range Air Defence. The share was up 0.1 percent at the close.

On the leading stock exchanges in Europe, the development was the same as in Stockholm.

Places
People
Organisations
TTT
By TTThis article has been altered and translated by Sweden Herald

More news

Boost for Car Sales in China
1 MIN READ

Boost for Car Sales in China

Fear of China's Response: "Bad for Sweden"
3 MIN READ

Fear of China's Response: "Bad for Sweden"

Increased Support to China's Debt-Ridden Provinces
2 MIN READ

Increased Support to China's Debt-Ridden Provinces

Boeing lays off 10 percent of employees
1 MIN READ

Boeing lays off 10 percent of employees

Wall Street: Banks up – Tesla down
1 MIN READ

Wall Street: Banks up – Tesla down

Higher producer prices than expected in the USA
1 MIN READ

Higher producer prices than expected in the USA

American giant banks exceed expectations
1 MIN READ

American giant banks exceed expectations

The Union Wins Against Tesla in the District Court
1 MIN READ

The Union Wins Against Tesla in the District Court

Northvolt source: 150 million euros secured
2 MIN READ

Northvolt source: 150 million euros secured

Warning to Consumers: Avoid Tesla
1 MIN READ

Warning to Consumers: Avoid Tesla

The Stock Exchange Ended a Negative Week on a Plus
1 MIN READ

The Stock Exchange Ended a Negative Week on a Plus

Self-driving Tesla taxi delayed until at least 2026
2 MIN READ

Self-driving Tesla taxi delayed until at least 2026

Volatile on Asian Exchanges - Down in China
1 MIN READ

Volatile on Asian Exchanges - Down in China

Small movements on the US stock exchange
1 MIN READ

Small movements on the US stock exchange

USA demands answers from Saab regarding Gripen deal
1 MIN READ

USA demands answers from Saab regarding Gripen deal

Apotea is heading for the stock exchange
1 MIN READ

Apotea is heading for the stock exchange

Northvolt CEO: Will pay 287 million kronor according to plan
3 MIN READ

Northvolt CEO: Will pay 287 million kronor according to plan

USA's inflation higher than expected
1 MIN READ

USA's inflation higher than expected

Decreased sales for Ikea
2 MIN READ

Decreased sales for Ikea

Now parents who cheat will be caught
2 MIN READ

Now parents who cheat will be caught