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Stockholm Stock Exchange starts down the up then what else?

Monday, 26 September 2011

Stockholm Stock Exchange began trading Monday commuting violently between downturns and upturns.
The market  in the morning was was laid up for a free fall on Monday after the economic summit in Washington produced few results. Even deep falls in Asia meant that the atmosphere here was designed to be nervous on this week's first trading day.

However, the dreaded and most fearful, giant collapse did not occur, and after an hour of trading, the broad index OMXS was seen parked around zero.


Earlier, the stock market, which had been down and nosing in the region of minus 1.5 percent turned around and was moving upwards. At the time of this posting, Stockholm stood at 0.6 percent plus.

Among the big companies Ericsson was upbeat best and was up 1.7 percent. All four major banks also showed positive design with Swedbank is up 1.5 percent.

Falling were mostly commodity companies such as Lundin Mining, down 3.3 percent. Today's Best share on the Midcaps was Karolinska Development, which rose 10.2 percent on news that a clinical study on cancer drugs reached positive results.

On the Small caps, Precise Biometrics rose 10.9 percent after news that the company received an order in Nigeria.

In Europe, the S & P Europe up 0.9 percent. London Stock Exchange's FTSE 100 was down 0.9 percent, German DAX index swung up 1.3 and the Paris Stock Exchange's CAC 40 pointed up 0.3 percent.
By Scancomark.se Team

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