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The support came from strong German order intake in the industry and data that the United States may remove the threat of higher import duties on European cars. Volvo truck manufacturer and mining company Boliden were recruited while Essity Hygiene Company and Astra Zeneca Pharmaceutical Company were rated less.
At 13:30, the OMXS30 had increased by 0.8% to reach 1.534. Shares worth 5 billion Swedish kronor were subsequently converted.
The OMXS30 companies experienced a mixed development where Volvo thrived in the top with a recovery of 3% followed by commodity companies SSAB and Boliden. Even Autoliv was among the winners. Atlas Copco, Sandvik and SKF, however, had a little more courage and were rated almost unchanged. British analyst firm Redburn Partners lowered the recommendation for sales of industrial riots.
On the major stock markets of Europe, the German DAX index was up 1.5%, as vehicle shares rose sharply. This is according to Handelsblatt's data that a solution may be on the road around taxes on cars. President Donald Trump has already said that 20-25% of European cars can be charged. BMW and Volkswagen rose about 5% in Frankfurt.
Among the large companies in Stockholm, the construction company Peab was estimated at just over 5%. The share received a recommendation to buy ABG Sundal Collier, who chose to increase the share to the price of 80 SEK. On Thursday, the stock was traded at just over SEK 68. Peab has lost 33% since last July.
The oil company Lundin Petroleum with assets in the North Sea on a Norwegian basis increased by 1.2%. According to Norwegian E24, production for the Edvard Grieg field can be held in two longer than expected.
"After about two and a half years of production, we produced about 80 million barrels, but we still have more reserves than we had previously assumed," Kristin Færøvik, managing director at E24, said, [19659008]. Upward, medical technology company Getinge also had 1.3 percent. The company has reached an agreement with the Brazilian public prosecutor in connection with an ongoing investigation into the cartels. The agreed amount is included in previous sales, although Getinge can not rule out additional fines.
Among the other companies on the Stockholm Stock Exchange, oil producer Enquest has risen by nearly 6 percent. UK bank Barclays raised its recommendation to overweight the previous underweight. The price of oil was also relatively unchanged with a slight increase for Brent. According to Reuters, Iran may stop exporting oil from a critical sound in the Persian Gulf, Strait of Ormuz, if US threats continue. President Donald Trump has already called on European countries to stop buying oil in Iran.
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