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The Stockholm Stock Exchange rose after a number of strong reports were supported on Thursday. These included Swedish Match, ABB, SKF, Epiroc, Essity and Nordea. Against the power of the companies OMXS30, Getinge and Assa Abloy fell slightly.
At closing, the OMXS30 had risen 0.9% to 1.584. Shares totaling SEK 19.8 billion were subsequently traded on the Stockholm Stock Exchange.
Among the other stock exchanges in Europe, the weakest is the weakest.
In London, the FTSE100 was almost unchanged while the DAX-30 in Frankfurt slowed slightly.
The Swedish Match tobacco company grew by 5.7% after a solid report. The company improved its margins in the Snus business sector, which contributed to a better operating result than expected.
The ABB report was also favorably accepted by the market and rose by 3.5%. A strong base promotion contributed to the rise.
Essity Hygiene Company grew by 3.8%. The company has managed to increase sales prices to compensate for more expensive inputs. In addition, the company sees opportunities for future increases.
Among the big banks, Nordea was the last to post its half-yearly figures. The large Nordic bank surprises positively with lower costs and slightly higher net interest rates, which has contributed to higher earnings. Volvo's share rose 2.8%.
Among other reporting companies, Volvo increased 1.5% following a much higher initial recovery. The result was better than expected, even though the main order for trucks has slightly worsened.
The big winner of the Stockholm Stock Exchange was Thursday's Betsson games operator, whose share rose 17.8%. 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 7.6%.
Among the losers of the Stockholm Stock Exchange were AQ Group, which sells components and systems to the industry. Outgoing CEO Claes Mellgren mentions a long list of issues that should be addressed in his interim report. In addition, Didner & Gerges Small Company Fund has left the action. The share fell 9.4%.
Even lower, HMS Networks dropped nearly 14% on its report
"Organic growth is 10%, but adjusted for currency effects, the local currency increase is 6% compared to the same quarter 2017 Staffan Dahlström writes in the interim report for the second quarter.The company, which provides communication systems, is still striving to grow by 20% a year.
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