Something happened to the Stockholm stock Exchange – what is it that made the market traded at a rare positive territory.


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Tuesday, 21 June 2011
The Nordic stock markets were up on Tuesday just like in Stockholm and the rest of Europe. Particularly in Stockholm we are seeking to know why such a phenomenon created such a big change in the day.
Report from the market say that speculation that the Greek Prime Minister Giorgos Papandreou will be supported in the confidence vote, has increased hopes that the nation can avoid a default. This brings in some confidence in the market.

The Nordic banks rebounded after yesterday's decline. Danske Bank was up 2.8 percent, DnB NOR rose 1.2 percent and Nordea rose 2.1 percent in Helsinki. At 17.30 Swedish time, the Stockholm OMXN40 was up 2.3 percent.

In Helsinki the OMXH25 up 1.8 percent – there Nokia's new smart phone N9, which was launched on Tuesday, will go on sale in time to have an effect on the company's sales this year. Shares rose 3.9 percent.

Copenhagen, the Stock Exchange's OMXC20 rose 1.6 percent, - Maersk rose 3.5 percent. Cheuvreux sees a 40 percent upside in the company. Pandora rose 5.1 percent. Handelsbanken takes up its coverage of the company with a buy recommendations.
Novo Nordisk rose 1.1 percent. Eli Lilly's type 2 - diabetes drugs Bydureon, which competes with Novo's Victoza, has been approved in Europe.

In Oslo step OBX-index rose 2.6 percent.
Renewable Energy was up 4.3 percent after the company received an order for 120,000 modules from Germany.
Seadrill sold one rig for $ 73 million. The capital gain is estimated to be $50 million. Shares rose 3.0 percent.
By Team

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