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Stockholm Stock Exchange closed the week with irregular price developments on Friday. The group of locks Assa Abloy was at the bottom of the index OMXS30 on a large scale after problems in China. Major shareholders and H & M chairman, Stefan Persson, proceeded to further acquisitions of shares of the clothing company that was lifted.
At closing, the OMXS30 index had fallen 0.2% to 1.524 with shares traded at 9.2
Company news on OMXS30 signal the owner of H & M Stefan Persson, for the purchase of 5.25 million H & M shares for 727 million. The action closed at 1.5 percent.
Assa Abloy has recovered after the lock company announced depreciations of SEK 6 billion due to a stalled market in China. On Friday, CEO Nico Delvaux held a conference call during which he said that Assa Abloy is based on weak margins in China in the short and medium term, but margins should not deteriorate further.
In the large corporations category the Fabege real estate company grew by 9.6% after a quarterly report indicating that the Stockholm office market is strong.
Hemfosa acquired a real estate portfolio with offices, warehouses and logistic assets in Sweden for a total value of approximately 3.6 billion Swedish kroner. The stock closed up 1.9%.
Industrivärden investment company finished the week with a 1.6% increase. ABG has increased its recommendation to buy previous reserves. The banks SHB, DNB and Nordea also formulated their recommendations on the investment company. On average, the houses of analysis were awarded a prize of 20,000 Swedish kroner.
SSAB received a purchase recommendation from the Australian Macquarie who set the target price of 48 Swedish kroner. The share of SSAB increased by 1.7%
Biotechnology Company Bioarctic experienced a strong recovery after presenting positive results from Phase 2b studies for its drug candidate against the disease. Early Alzheimer's. The action closed at 80:00, which corresponds to an increase of 250.9%.
Spotlight-listed Snack Rootfruit Scandinavia announced plans to merge with Exotic Snacks, a manufacturer of natural snacks, to form a joint venture. The share has increased by 14%.
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