Monday was somewhat of a transitional day in the reporting season.
By the closing bell, the OMXS30 index was up 0.70 percent to 2,658.29. Stocks worth approximately 20.2 billion kronor were traded on the Stockholm Stock Exchange.
The best-performing sector among the larger industrial sectors was energy, with a 3.1 percent increase. On the flip side, healthcare was at the bottom with an unchanged level.
Among the leading stocks included in the OMXS30 index, Nibe rose by 3.0 percent, while SBB B was up by 2.8 percent. The worst performer was Getinge, with a decrease of 0.3 percent.
Construction company NCC exceeded analysts’ expectations for revenue and order intake in the fourth quarter. However, the operating result came in lower than consensus. The regular dividend was raised, and the board also proposed an extra dividend. NCC initiated a strategic review of the Industry business area, which accounts for 20 percent of the group’s revenue. The review will continue throughout 2025 and could potentially result in a sale of the business area. The stock declined by 2.5 percent.
Investment company Industrivärden reported a net asset value of 408 kronor per share on February 7th. The dividend was increased by 6.5 percent to 8.25 kronor. The C-share rose by 1.0 percent to 394.20 kronor.
Confectionery manufacturer Cloetta will not proceed with the billion-dollar project for a new factory in the Netherlands. Cloetta will instead focus on its own production network with contract manufacturers. The announcement of the scrapped investment was well received, and the stock rose by 2.9 percent.
Nuclear technology company Studsvik increased its revenue while the operating profit decreased in the fourth quarter. The dividend remains unchanged at 2 kronor per share. Studsvik also acquired Blackstartech’s product line from Constellation. The stock increased by 2.0 percent.
Balcony manufacturer Balco saw an increase in revenue, order intake, and order backlog. However, the operating profit declined, weighed down by one-time costs. The stock dropped by 5.8 percent.
Mining company Lundin Gold climbed by 2.0 percent. The stock hit a new all-time high and was supported by gold trading at record levels. The stock has risen by over 150 percent in a year.
Climate control company Munters sold the Equipment business within the Foodtech business area. The divested business has 400 employees, and the purchase price amounts to 1.1 billion kronor. Affärsvärlden also issued a buy recommendation for Munters. The stock rose by 2.4 percent.
Board game company Asmodee surged by 5.3 percent on its second day of trading. The company, which was spun off from gaming company Embracer last week, received several buy recommendations from various analyst firms.
This article provides a comprehensive overview of the stock market activity on Monday, highlighting key developments in various sectors and individual companies. The analysis delves into the financial performance, strategic initiatives, and market trends impacting the stock prices of the mentioned companies. Additionally, it offers insights into investor sentiment and expert recommendations, providing a holistic view of the day’s trading activity and potential opportunities for investors.