Stockholm Stock market opens with a strong gloomy look as uncertainty persists


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Friday, 19 August 2011
Stockholm Stock Exchange opened down on Friday morning after Thursday's disastrous fall to -6.2 percent.

During the first few minutes of trading, the Stockholm Stock Exchange fell by 0.7 percent. So far this year the stock market has fallen by nearly 24 percent.
OMXS 30, the index of the 30 largest companies, dropped 0.98 percent in the first five few minutes.
Today thus looks like another tough day for traders as the nervousness and rigidity in the market continues to become a norm. Already stock markets in the U.S. and Asia fell towards Friday morning.


Among the shares that dropped the most were Alliance Oil, Hexagon and Lundin Petroleum. Alliance Oil in particular dropped 9 percent in just minutes.

The only winner in the large cap list was AstraZeneca, whose shares just kept their heads above zero after the stock market opened.
By Team

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