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The Stockholm bourse in a surprise positive start in tuesday's early tradingTuesday, 20 September 2011
Stockholm Stock Exchange opened down, but almost immediately turned to positive territory despite the lowered credit ratings for Italy. The stock Exchange's broad index, after nearly two hours of trading rose 0.8 percent.
The recent past has also seen little news that could get the stock market to fall. On Tuesday, a surprise, Europe's stock markets remain positive, despite the credit rating agency S & P lowers Italy's credit rating and that the contribution of the stock exchanges in Japan and the U.S. did not occur.
On Tuesday morning rumours were circulating that Greece will hold a referendum on the euro, which was later reported to have been denied by a spokesman for the Greek government.
AdvertisementStockholm Stock Exchange's general index was after almost two hours of trading up 0.8 percent up. OMXS30 was at the same time, 0.9 percent up.
Swedish stock market giants such as clothing company H & M and the telecom company Ericsson were rising by 2.2 and 2.5 percent.
On the large cap list construction company Peab, where Ingvar Kamprad recently purchased for Skr300 million worth of shares, and the mining company Boliden led the way with gains. Peab rose by 3.2 percent on Tuesday morning and mining company Boliden is not far behind with an increase of 4.0 percent.
Also steel company SSAB and media group, MTG are the leaders in the league among big companies, rising 2.9 and 3.5 percent respectively.
As for the European bourses, the German DAX was that increasing the most. The German index is rising by 1.2 percent in the morning. French CAC40 was up 0.8 percent and British FTSE100 was about the same.
In Asia, the market has been mixed in the morning while the U.S. stock markets fell the day before, tormented by the continued debt troubles in the Euroland and theirs too.
By Scancomark.se Team