The Stockholm stock exchange fell slightly on Thursday. The OMXS index fell by 0.2 percent.
Among the index heavyweights, the clothing chain H&M plummeted after a weak interim report.
H&M was able to present a clear profit increase, but the report did not meet market expectations regarding margins. The company also stated that unfavorable weather had created headwinds in sales at the beginning of June. The share fell by 13 percent.
The major bank SEB and the telecom equipment manufacturer Ericsson were among the winners among the most traded stocks in the OMXS30 index. They increased by 1.4 and 1.2 percent, respectively.
The crisis-stricken real estate company Oscar Properties' share fell by 2.6 percent after the company announced that certain subsidiaries had been declared bankrupt.
The leading European stock exchanges went in different directions. Frankfurt rose by a few tenths of a percent, while the decline in London and Paris was 0.4 and 1 percent, respectively.
The Swedish krona fell against both the dollar and the euro after the Swedish Central Bank, as expected, left the interest rate unchanged at 3.75 percent, but opened up for two or three cuts during the second half of the year. Previously, the Swedish Central Bank had counted on two cuts. One dollar cost 10.62 kronor and one euro 11.37 kronor in the late afternoon.
