The peak of the report flood from the third quarter from Swedish listed companies is here. The reactions on the stock exchange are varied. But after some initial hesitation, the OMXS index turned upwards and in early afternoon trading, the index is up 0.1 percent.
Among the winners, we find the reporting game developer Evolution, whose share is surging upwards by nearly 13 percent.
The hygiene and health company Essity – one of the year's winners among the most traded shares on the Stockholm Stock Exchange – reports declining sales but a profit in line with expectations. The share rises 0.9 percent.
Teleoperator Telia is also rising, up 2.8 percent after a quarterly report.
However, the stock market upturn is being slowed down by major bank SEB, which reports an unexpectedly weak interest income – what the bank earns from the difference between lending and deposit rates. The share falls 5.8 percent and is dragging down other major banks after Wednesday's bank rally.
Food conglomerate Axfood is another report loser, with a price drop of 8.2 percent.
Forest company Billerud is also reporting a decline after statements about weak development and price pressure in its prospects in its third-quarter report. The share is plummeting 8.0 percent.
Alfa Laval is doing better, up 0.2 percent for the industrial conglomerate – despite flagging declining demand in its prospects.
Wall Street closed down on Wednesday, particularly the tech-heavy Nasdaq exchange – but Tesla's unexpectedly strong quarterly report had not yet been published. In futures trading, it is pointing to a turnaround – not least for Tesla.
Preliminary purchasing managers' index for October from the eurozone shows that the region is putting on the brakes right now, although it doesn't look as bad as feared in the German economy.
