After 31 minutes of trading, the OMXS30 index was up 0.02 percent to 2,514.36. The index had fluctuated between -0.52 percent at its lowest and 0.14 percent at its highest during the day.
The broader OMXSPI was down 0.18 percent.
Stock Price Changes and Comments:
– Strax: 3.5% increase – Turned to operating profit in the quarter. No longer meets the conditions in the loan agreement with PCP.
– Sveafastigheter: 3.5% increase – Kepler Cheuvreux initiates coverage with a buy rating and target price of 43 kronor.
– Orexo: 3.3% increase – Terminates partnership agreement with German Gaia. Results in a write-down of 71 million kronor for Orexo.
– Astra Zeneca: 0.8% increase – Dagens industri recommends buying.
– ABB: 0.8% increase – Santander initiates coverage with a neutral rating and target price of 52.10 Swiss francs.
– Billerud: 0.8% increase – Presents new financial goals and investment program.
– SLP: 0.0% change – Acquires properties from Postnord for 470 million kronor.
– Husqvarna: -0.1% decrease – Dagens industri recommends buying.
– Assa Abloy: -0.4% decrease – Acquires American company with revenue equivalent to 420 million kronor.
– Svolder: -0.7% decrease – Net asset value was unchanged at 53 kronor last week.
– EQT: -2.7% decrease – Acquires 80 percent of the newly formed company that will own Eutelsat’s passive ground-based infrastructure assets.
– Pierce: -4.2% decrease – Procuritas sells its entire stake at a discount of 15.4 percent.
– Alligator Bioscience: -46.2% decrease – Conducts rights issue of 280 million kronor and takes out bridge loan of 55 million kronor. Implements cost-saving program of at least 65 million kronor. Around 70 percent of employees will leave.
Overall, the market showed a mix of positive and negative movements, reflecting the complexities and dynamics of the financial landscape. Investors are closely monitoring these developments to make informed decisions about their portfolios and strategies.