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Stock Market Week Opens Upwards

Published: 19 August 2024
Stock Market Week Opens Upwards
Photo: Linus Sundahl-Djerf/SvD/TT

The Stockholm stock exchange began the trading week with positive figures. The broad OMXS index rose 0.5 percent.

On the OMXDS30 index of the most traded shares, real estate company SBB and cloud service company Sinch performed the best. They rose 4.7 and 4.0 percent, respectively.

Among the winners, Sandvik also stood out, up nearly 2.1 percent, on speculation in Dagens Industri that the engineering group may be on its way to being broken up.

At the other end, Saab fell 5.4 percent on reports that Germany would not be willing to continue defense support to Ukraine.

The leading European stock exchanges rose slightly more than the Stockholm stock exchange.

The oil price fell slightly, with a barrel of North Sea oil (Brent) costing $79.40 late in the afternoon.

Otherwise, there was a lack of stock market-influencing news on the agenda. On Tuesday, the Swedish Riksbank is expected to announce a second interest rate cut this year.

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By TTThis article has been altered and translated by Sweden Herald

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