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Stockholmsbörsen's large-scale index fell back below 1,500 on Tuesday and was up slightly at lunchtime when the moderate recovery in stock markets occurred in Sweden and Europe.
The mood has been removed by US President Donald Trump said he was ready to raise tariffs on Chinese products. The Swedish banking sector, however, has maintained its management, while Tele2 continued to monitor the situation after Monday's hasty closure and trade. Several workshop companies were weighted at the same time with reduced recommendations.
At 12:40, the OMXS30 index of the Stockholm Stock Exchange was up 1.4% to 1.499. He thus returned below the level of 1,500 where the index collapsed on Tuesday morning for the first time in just over a week.
Shares of 4.3 billion SEK then changed ownership through the Stockholm Stock Exchange. Index developments were slightly stronger than on the main European stock exchanges.
Among Stockholm's biggest stock exchange OMXS30 member companies have taken over the entire banking sector and the top four Swedish banks recorded gains ranging from 1.5 to 2.7%, led by Handelsbanken. According to Morgan Stanley, the consensus underestimates the combined positive effect of Swedish banks' net interest income from rising interest rates and lower resolution fund costs.
H & M grew 1.2% after announcing that the fashion company had dropped its Cheap Monday brand.
The winner yesterday, Tele2, which rushed to 9% before the start of trading, continued its climb to 0.8%. Tele2 took note of media speculation and recalled that the European Commission had until Friday to decide on the deal in the Netherlands.
Hexagon belonged to the losers on the OMXS30 with a decline of 2.0 percent. The measurement technology company lowered the recommendation of Exane BNP Paribas to underperform. although Sandvik and Atlas Copco pressed 1.9 and 1.5%, respectively, following the reduced recommendations of the same investment bank.
Other companies supported included the forestry company SCA which dropped 2.4 percent and the steel industry SSAB which dropped 1.9 percent.
Apart from OMXS30, the venture capital firm EQT has submitted an offer to buy on Stendörren Real Estate in the amount of 100 Swedish kroner: 25 per share. The offer corresponds to a premium of 3.8%. The share increased by 4.6%.
In the same sector has increased Hemfosa 1.7% after being informed that the company had acquired housing for a real estate value of 103 million SEK.
The game developer Starbreeze stock rose slightly and the b share rose 4.7% on Tuesday. At the same time, the share has increased by 16%. Historically, price movements between the two stocks have been followed to a large extent.
The Concordia oil company was boosted by 6.4% at 10:80 am after Kepler Cheuvreux made the buy recommendation. The bank's stock price rose from 12 to 20 kroner.
Granges, which produces rolled aluminum products, was 3.8%.
The medical technology company Polarcool, som formerly a subsidiary of Braincool, began trading on Spotlight. The company sells sports medicine products focused on the treatment of brain damage and repeated attacks on the head, was greeted very favorably and negotiated at 0:90, a 55% decrease from the subscription price of $ 2.
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