Stockholm stock market rises for fourth day in a row


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Friday, 16 September 2011
Stockholm Stock Exchange opened with rising stocks for the fourth consecutive day.
The increase is in line with developments in other exchanges around the world in the wake of several central banks announced an incentive.
After a few minutes of trade, the OMXS index rose by 0.8 percent. Bank shares comfortably belonged to the winners.


All four major Swedish banks continue to rise in the wake of yesterday's announcement that the European Central Bank (ECB) will offer favorable dollar loans to promote liquidity in the market.
After about 40 minutes of trading on the Stockholm Stock Exchange, Nordea had gone up by 1.9 percent to Skr 55:55, SEB climbed 2.3 percent to Skr 37:50, Swedbank has risen by 3.3 percent to Skr79.15 and Handelsbanken increased 1,3 percent to Skr 167:20.
By Team

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