Stockholm Stock Exchange opening the week with a positive outlook


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Monday, 22 August 2011
The Stockholm Stock Exchange opens on Monday with a gentle positive outlook probably driven by the activities in Libya. But it would take a greater of the day to know precisely the feelings in the market

Trading on the Stockholm Stock Exchange was really depressed last week with a historically significant fall on Thursday. When the market opened on Monday, the mood was still very cautious.

After 10 minutes of trading the broad OMXSP index, rose 0.3 percent. Among big companies winning, telecommunications operator, TeliaSonera, the media company Modern Times, and pharmaceutical company Meda, all were rising above 2 percent.

Those losing were led by problem company, Husqvarna, dropping 2.5 percent to Skr30.
The investment company Ratos has received a low level recommendation from investment bank UBS after its Friday's report. It shares fell 2.5 percent.

Deutsche Bank has lowered the target price of Ericsson shares to Skr100 from Skr105.  Ericsson B-shares however rose by 0.7 percent.
By Team

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