Stockholm, Sweden – September 12, 2024 – Swedish equity markets experienced a mixed session Friday, with minor movements dominating trading despite an unexpected lift from Boliden and volatility surrounding several key stocks. The OMXS30 index showed modest fluctuations.
Verdane Capital’s sale of 8.6 percent of Pierce shares at a 10 percent discount to thursday’s closing price pressured the stock, resulting in a 5 percent decline.
Investment company Svolder boosted it’s dividend proposal to SEK 1:80 per share, up from SEK 1:70 last year. CEO tomas Risbecker expressed optimism, stating he “sees opportunities in the small corporate market right now,” contributing to a 4 percent gain for Svolder shares.
Retailer Rusta continued to face headwinds following a near 14 percent drop on Thursday after its interim report. While SEB maintained a positive outlook, Danske Bank downgraded its advice to ’retain’ from ‘buy,’ leading to a further 0.2 percent decrease in Rusta’s share price.
Inwido saw a nearly 2 percent increase,closing at SEK 183:40,after berenberg initiated coverage with a ‘buy’ recommendation and a target price of SEK 228.
Intellego, which plummeted 17 percent on Thursday, partially recovered with a 4 percent rebound.
Spotlight Stock Market welcomed HF Reverse, the first inverse acquisition company spin-off from Sea Friend, listing at SEK 5 – 100 percent above its net asset value of approximately SEK 2:50 per share, despite initial trading below that value.
Source: Infront
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