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The Stockholm Stock Exchange continued its northward journey on Thursday, when a series of solid reports gave a new upward momentum.
Among these were Swedish Match, ABB, SKF, Epiroc, Essity and Nordea. Commodities such as Boliden and SSAB have weighted but with moderate declines.
At 13.50, Stockholmsbörsen's OMXS30 stock index was up 1.0% at 1.586. Shares totaling SEK 9.8 billion were subsequently traded on the Stockholm Stock Exchange
. On the main stock markets of Europe, on the other hand, it was more moderate. In London, the FTSE100 remained unchanged while the DAX-30 in Frankfurt fell low.
The Swedish Match Tobacco Company rose again to shine after a strong report. The stock has peaked almost 7% on the list of OMXS30 companies and, since the beginning of the year, the stock has risen by 47%. In the Snus business sector, the margin improved, which means that operating profit was significantly better than expected.
The ABB report was also positively received and increased by 5%.
Essity Hygiene Company grew by almost 4%. The company has managed to increase sales prices to compensate for more expensive inputs. In addition, the company saw opportunities for future increases.
Of the banks, Nordea was the last to post its half-year figures. The large Nordic bank surprises positively with lower costs and slightly higher net interest rates, which has contributed to higher earnings. The share increased by 3.3%.
Among other reporting companies, Volvo grew 1.6% after a much higher initial recovery. The result was better than expected, although the order of heavy trucks has slightly worsened.
The Betsson gaming operator, whose share grew by almost 16%, clearly won the title on Thursday. Operating profit was 26% higher than the consensus forecast. Even the third quarter started well thanks to the football world cup.
Nischbanken Collector rose after posting an increase in revenues and lower costs in June. The stock was up nearly 8%
There was also one and another loser on the Stockholm Stock Exchange. One of them was the AQ group, which dropped nearly 9%. Outgoing CEO Claes Mellgren mentions a long list of issues that should be addressed in his interim report. In addition, the small companies fund Didner & Gerges left the share.
Even lower, HMS Networks, which dropped by just over 14% on its report
"Organic growth is 10% to 6% over the same quarter of 2017 – of which we do not are not satisfied, "writes Staffan Dahlström in the report The company, which provides communication systems, is still set with the objective of growing by 20% per year.
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