Home HomeSwedenLivingWorld world_2_fill WorldBusiness BusinessSports sports-soccer SportsEntertainmentEntertain

Still Red on the Stock Exchange

September continues in the red on the Stockholm Stock Exchange. At the close, the broad OMXS index had fallen 1.3 percent.

Published: 03 September 2024
Still Red on the Stock Exchange
Photo: Anders Wiklund/TT

Among the most traded stocks in the OMXS30 index, the real estate company SBB fell, losing 6.3 percent. Also among the heavyweights, the mining group Boliden and the cloud service company Sinch declined, down 5.6 and 3.5 percent, respectively.

AB Volvo is presenting a new electric truck model, which can travel up to 60 miles on a single charge, but the stock fell 1.2 percent.

Competitor Scania – part of German Traton – is simultaneously launching a new 13-liter marine engine, which is expected to reduce fuel consumption by 8 percent compared to previous engines with the same effect. The Traton stock fell 2.1 percent.

The Wallenberg sphere's EQT stock fell 2.2 percent after the announcement that the company now controls 75 percent of the shares in the listed wind power company OX2, which means a mandatory bid. EQT is thus making its bid of 60 kronor per share from May unconditional.

On Wall Street, the futures contracts are clearly pointing downwards after the long weekend.

The leading stock exchanges in Europe mirrored the development in Stockholm, and declined during the trading day.

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

More news

New York Stock Exchange at a new record level
1 MIN READ

New York Stock Exchange at a new record level

Germany plans for stock market listing of Uniper
2 MIN READ

Germany plans for stock market listing of Uniper

Turkish interest rate remains at 50 percent
1 MIN READ

Turkish interest rate remains at 50 percent

British interest rate remains at 5 percent
1 MIN READ

British interest rate remains at 5 percent

Leading chains raise petrol price
1 MIN READ

Leading chains raise petrol price

Snuff Company Celebrates Budget News
1 MIN READ

Snuff Company Celebrates Budget News

New Legal Battle Looming between Apple and EU
1 MIN READ

New Legal Battle Looming between Apple and EU

The Winners: "High-Income Groups"
1 MIN READ

The Winners: "High-Income Groups"

Central Bank Paves the Way for Double Cut from Riksbanken
2 MIN READ

Central Bank Paves the Way for Double Cut from Riksbanken

PRO on the budget: "It's appalling"
2 MIN READ

PRO on the budget: "It's appalling"

The Norwegian Krone Rises After Interest Rate Announcement
1 MIN READ

The Norwegian Krone Rises After Interest Rate Announcement

Damberg: The Budget is a Mockery of Ordinary People
2 MIN READ

Damberg: The Budget is a Mockery of Ordinary People

How Your Economy is Affected by the Budget
2 MIN READ

How Your Economy is Affected by the Budget

Lower Taxes - Most for High-Income Earners
3 MIN READ

Lower Taxes - Most for High-Income Earners

Svantesson's next challenge: Unemployment
2 MIN READ

Svantesson's next challenge: Unemployment

Setback for Electric Car Demand in Europe
2 MIN READ

Setback for Electric Car Demand in Europe

Profit warning from electronics manufacturer
1 MIN READ

Profit warning from electronics manufacturer

Strong stock market upswing following lowered US interest rate
1 MIN READ

Strong stock market upswing following lowered US interest rate

Slow in e-commerce – more choose foreign low-price
1 MIN READ

Slow in e-commerce – more choose foreign low-price

The Budget: Lower Taxes to Support Households
3 MIN READ

The Budget: Lower Taxes to Support Households