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The Stockholm Stock Exchange closed Wednesday in negative territory since the morning hike was erased in the afternoon to turn into a growing decline. Loomis rebounded the remarkable and negative price reactions in the hurry gambling sector of Kindred and Kambi.
Investors were also waiting for eventual customs clearance at the Wednesday's trade meeting of the EU and US.
The OMXS30 stock index closed down 0.5% to 1.593. At the close of the Stockholm Stock Exchange, no announcement had yet been made by EU President Jean-Claude Junckers and European Commissioner for Trade Cecilia Malmström with US President Donald Trump. Expectations of positive messages on customs issues appear to be weak on both sides.
The Loomis cash management company dropped 12.4% after the operating margin in the second quarter was significantly lower than expected. The deviation was attributable to the European activities of the company with lower volumes, particularly in France.
"Organic growth in France decreased by 4-5% in the second quarter and will be unchanged or decreased in the second half," said Patrik Andersson, director of the news agency.
The main courts were also noted even in the betting sector. The Kindred gaming operator, which was the most traded share, dropped 12.9%. A report, as expected, apparently did not reach until the betting sector saw a clearly better-than-expected report from Betsson and a reverse victory for Leo Vegas last week. DNB Markets highlights, among other things, lower growth in the Nordic region than expected for Kindred.
Kambi sports equipment subcontractor dropped 10.4%. Analysts pointed out that the second quarter figures did not meet expectations and that the stock had increased before the report.
In the sector, Betsson traded 4.1%, Mr. Green declined 2.4% and Evolution Gaming 1.2%. 19659009] Better, he went for Indutrade, which rose by 4.3 percent. The ebita business figure of the technology and industrial group amounted to 543 million Swedish krona in the second quarter (458).
SCA Closed B shares unchanged. The forestry company recorded price increases in the second half of the year
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