Adverty rages in the early days | THE BUSINESS WORLD



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The Stockholm Stock Exchange opened clearly on Thursday and then strengthened during the first hour of trading. Most OMXS30 companies were on the list, but Swedish Match was pushed down. Elekta rejected his report.

Trade in New York was strong Wednesday when the market interpreted positively the speech of the head of the Fed, Jerome Powell. In the subsequent trade in Asia, the evolution has been more mixed, mainland China stock markets worrying about the meeting this weekend between US President Donald Trump and Chinese leader Xi Jinping.

At 10 am, the OMXS30 index of the Stockholm Stock Exchange rose 1.1% to 1.517. Shares of just over 2 billion Swedish kronor were then traded on the Stockholm Stock Exchange. The main European banks were simultaneously rated 0.5-0.8%.

Hexagon peaked among large companies with an increase of 3.2%. OMXS30 was also rich in commodity-related companies, such as Boliden and SSAB, as well as many engineering companies; Sandvik, ABB and SKF.

SKF organized a day of financial markets and before that, the press director, Theo Kjellberg, told the press agency directly that the financial objectives as well as the outlook for the fourth quarter were set. Prior to capital market day, there were rumors that SKF would change the financial targets. SKF increased by 1.4%.

Swedish Match gained 0.7% to 357: 60 crowns. Jefferies International lowered the target price to SEK 400, bringing it to SEK 307. Swedish Match has grown considerably in recent times, its stock having peaked around 530 SEK at the end of August.

The radiotherapy company Elekta announces an ebita result of 601 million SEK for the second quarter. Analysts had estimated 612 million, according to Infront Data. Even the order intake, which the company describes as the most negative in the interim report, was worse than the tip before the order. The stock was down 7.1 percent.

Mining company Lundin Mining has reversed nearly 10% after issuing a new three-year forecast showing an increase in expected copper and nickel production, but a reduction in future zinc production. The company also announced a share buyback program worth around SEK 2.3 billion.

Thursday's news feed also includes an uplifting conflict in Oasmias property leadership. Activity on the stock was high but with a modest exchange rate, up 0.3%. Oasmia will hold an extraordinary general meeting at the request of the grand owner, Per Arwidsson, who claims "without cause" the right to warrants, said the company. Arwidsson has taken legal action against Oasmia and claims the right of approximately 23.2 million of the 25.8 million warrants used by MGC Capital.

The new wave has risen by just over 3%. CEO and principal owner, Torsten Jansson, bought 150,000 shares of the company specializing in trading products on Wednesday, Nov. 28.

The operating loss of Cimco Marine in the third quarter rose to -17 million SEK (-12.7). A bottleneck problem, due to a supplier who could not manufacture parts in accordance with the agreed volume and which affected over time, had a negative impact on the problems which, according to the company, should now be solved. The share dropped by 10%.

Adverty began announcing Thursday at the NGM Nordic MTF. The subscription price of the newly issued share issue was SEK 7.50 and the stock was significantly reduced compared to the SEK 3:15 level.

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