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The big banks fell on a broad front. Swedbank was clearly the worst with a 5.3 percent price drop. The announcement that Finansinspektionen has launched a new investigation into the bank’s insider trading in connection with the large money laundering scandal in the Baltic countries reduced participation.
At the same time, SEB fell 3.5 percent, while Handelsbanken and Nordea fell 2.1 and 1.9 percent, respectively.
The stake in telecommunications giant Ericsson rose 1.3 percent in trading after the announcement of the acquisition of US company Cradlepoint for $ 1.1 billion, which was claimed to strengthen the portfolio of 5G products for customers corporate.
Another winner was car salesman Bilia, whose share rose 9.6 percent after the so-called reverse earnings warning, where the company posted an unexpectedly good result during the third quarter of this year.
The consulting firm Sweco has decided to distribute the previously withheld dividend in shares. The stock fell 0.9 percent after the announcement.
Oil prices have risen since the oil cartel, OPEC, signaled that it will be tougher for members who do not meet their commitments in the cartel’s production quota system.
The evolution of the main European stock exchanges was negative. The companies in the hotel and travel industry weighed heavily. Concerns about rising coronavirus cases in France and the United Kingdom and rising geopolitical tensions as a result of a Chinese military exercise near Taiwan set the mood.
The London FTSE100 index and the Frankfurt DAX index fell 0.7 percent, while the Paris CAC 40 index fell 1.2 percent.
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