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Stockholm Stock Exchange woke up in another positive mode

Tuesday, 27 September 2011
Stockholm stock market this morning started in a most positive mode ever observed in a very long tine as the hearty stock market gains in Asia gave investors on the Stockholm Stock Exchange defacto confidence in the market.

Index of leading shares, by 10 am Swedish time was up, 2.4 percent in initial trade.
After a few days of recovery in the U.S., the Asian stock markets up sharply up on Tuesday.


The drivers behind the growing buoyancy in market confidence have to do with increased optimism about the possibility of solving the European debt crisis, something that also infects the investors on the Stockholm Stock Exchange.

At the time of posting, share index of the Stockholm Stock Exchange's 30 most traded companies traded up 2.5 percent. Banks and cyclical manufacturing companies are at the forefront of the upswing.

Telecoms giant Ericsson, whose shares bounce up nearly 3 percent, belongs to the morning's winners.

Swedbank, which has lost more than 15 percent of market capitalization in the past month, get back some of the fall and is up more than 3 percent. While Handelsbanken and Nordea share prices were also looking upwards.
By Scancomark.se Team

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