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The positive weekly trend of the Stockholm Stock Exchange continued and the rise was broad, the OMXS index was up 1.0 percent. Another just over one percent and the old stock market record of February this year smokes around the world.
H&M and Handelsbanken were the heaviest locomotives after the favorable equity news. Handelsbanken rose 2.4 percent after the bank’s management announced they would close 180 branches, leaving 1,000 employees unemployed. Competitors SEB, Nordea and Swedbank also held out, the best of which was SEB, which was up 2.5 percent.
Clothing giant H&M increased 1.5 percent, among other things after a positive results report from Spanish competitor Inditex.
Top of the stock market giants on the OMXS30 list was home appliance company Electrolux, up 3.6 percent. The worst of the big companies was the auto safety group Autoliv, whose share fell 1.8 percent.
The main European stock exchanges closed mixed. London’s FTSE100 index fell 0.4 percent, while both the Frankfurt DAX index and the Paris CAC 40 index rose 0.1 percent.
