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Historic rally on the Stockholm stock exchange as European markets regain their 'mojo'


Tuesday, 27 September 2011
Stockholm Stock Exchange's general index OMXSPI rose by 5.7 percent on Tuesday. This is a historic trading day that have now been placed on number 20 on the list of the best trading days since 1987, according to statistics from OMX.

On the flip side, the collapse on Thursday, August 18th at -6.2 percent was one of the worst since 1987 - and the rise on Tuesday, September 27 was one of the best days since that year.

The OMX30 had just before the closing was trading at 5.5 percent. Stock market mood was as cheerful throughout Europe and the S & P Europe climbed 5 percent.
 

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Among the companies that shared this growth today are Lundin Mining which saw its market shares rose by 10.3 percent as well as and Nordea. Nordea stepped up over 9 percent, and Swedbank, with nearly 9 percent. It should be noted that bansk shares had taken a beateing in the past weak when the market was in a weary mode.

Others, Boliden and Sandvik rose by over 9 percent.

Among large cap stocks in the market, there was actually only one company whose share stopped on

the red numbers, Electolux whose A - shares, which fell by 2.4 percent. But the most traded class B shares rose on the other hand, by 5.3 percent.

Hopes for a solution to the debt crisis in an orderly manner step up on Tuesday giving more confidence to the European European stock exchanges.
By Scancomark.se Team





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