After half an hour of trading, the OMXS30 had risen by 0.4 percent to 2,602. Stocks worth nearly 2 billion kronor had been traded on the Stockholm Stock Exchange as a whole. On the leading European exchanges, the Paris stock market rose by almost 1 percent, while the London index traded in an irregular trend.
Among the most traded companies, Hexagon, SBB, and Kinnevik each rose by around 1.5 percent. On the other hand, SCA fell by about half a percent.
Electrolux continued to decline by 1 percent after Friday’s report slammed the stock by 15 percent. Handelsbanken has lowered its short-term recommendation, for a three-month period, from buy to hold.
Sinch announced after Friday’s market close that it will take a goodwill impairment of 6 billion kronor in the third quarter. The company also provided preliminary figures for said quarter, where the adjusted EBITDA result is expected to be 923 million kronor (943), with an adjusted EBITDA margin of 13 percent (13). The stock rose by 1 percent.
Traton, the truck manufacturer, released figures for the nine-month period from January to September this morning after previously releasing preliminary figures for the third quarter. Scania’s order intake dropped by 26 percent in the last quarter. The stock was down 3 percent.
Fagerhult dropped by 7 percent. The order intake in the third quarter was down to 1.9 billion kronor from over 2.0 billion kronor for the same quarter the previous year. The lighting group is taking measures to cope with a weaker market according to CEO Bodil Sonesson.
Bonesupport dropped by just over 2 percent. The medical technology company’s CEO, Emil Billbäck, sold shares worth nearly 60 million kronor in a deal on Friday.
A number of recommendation and target price changes have been made following last week’s flood of reports. Among Monday morning’s harvest, it can be mentioned that Balder has received an upgraded recommendation to buy from hold by DNB Markets. The stock rose by over 1 percent.
At the same time, DNB has upgraded the recommendation for Peab to hold from sell. The stock rose by 2 percent.
Handelsbanken has raised its short-term recommendation, for a three-month period, for engineering consultant Afry to buy from hold. The stock jumped by 4 percent.
Castellum sees an upgraded long-term recommendation, for a three-year period, to outperform from market perform by Handelsbanken. The stock was up 1 percent.
Pareto has raised its recommendation for Diös to buy from hold. The stock rose by 3 percent.
The same analysis house has raised the recommendation for Boule Diagnostics to buy from hold. The stock strengthened by just over 2 percent.
Instalco rose by over 3 percent. Both Carnegie and ABG Sundal Collier have raised their recommendations for the stock to buy from hold.
Affärsvärlden issues a buy recommendation for Elanders. The high level of indebtedness weighs on the valuation, but perhaps a bit too much, according to the newspaper’s assessment. The stock rose by 3 percent.
Dagens industri has issued a sell recommendation for Avanza. The newspaper expects profit declines as interest rates fall. The stock declined by 2 percent.
Combigene fell by 20 percent. The research company has announced a cost-saving program in connection with the discontinuation of the company’s epilepsy program.