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Continued low performance on the Stockholm Stock Exchange – what is the message it is trying to send?


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Wednesday, 04 May 2011
The Swedish economy is doing well, companies here are reporting record profit and there is almost everything perfect here in Sweden but the Stockholm Stock Exchange continued to perform weakly. What is the message the market is trying to give about the Swedish economy that we do not know”

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When trading began on Tuesday, the OMX Stockholm was down. On the whole, after less than three quarters of a trade left to be carried out already, the OMXS index had fallen by 0.2 percent.
Compared with others such as the Dow Jones which stands now at 10 percent, the Stockholm burse now stands at .4 percent. What is going on?

The positive reports continue with Lundin Petroleum which reports sharp increase in profit for the first quarter which has triggered its shares to rise by 1.4 percent.

Others are Tobacco giant Swedish Match saw its own share dropped 0.4 percent after having reported a small than expected profit. And the pharmaceutical company Meda's shares rose by 3.5 percent, although profit fell slightly compared to the same period last year.

So the question is why is the Stockholm stock exchange not performing as an exchange in a country with the “tiger” economy at the moment?
By Scancomark.se Team



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