The development is in line with what it looks like on leading European exchanges. And the decline is broad, with 27 of 30 of the most traded stocks in the OMXS30 index in the red.
The steel manufacturer SSAB reports a substantial increase in profits – well above analysts’ average forecast. The stock initially rose, but after half an hour of trading had fallen to minus 1.9 percent.
Snuff maker Swedish Match is also doing better than expected with continued sales success for Zyn in the US, according to an interim report. But on the stock exchange, the share is slightly down, down by 0.1 percent.
The betting group Kindred, with Unibet, meets expectations in an interim report despite tough comparative figures when the second quarter of the year is compared to last year’s, when it was the football European Championship. However, the stock retreats by 0.1 percent.
The car retail chain Bilia’s share falls 2.7 percent. Bilia is struggling with a lack of new cars and declining sales, according to an interim report.
At the same time, the forestry group SCA surprises positively both in terms of sales and profit, which, however, does not impress the market. The SCA share falls 2.4 percent. At the same time, competitor Stora Enso plummets by more than 8 percent after an interim report.
The online broker Nordnet, which according to an interim report is struggling with the effects of reduced activity on the market, is back by 3.4 percent.
During the night, the Asian stock markets had a mixed development, with price gains on the Tokyo stock exchange, but headwinds on the stock exchanges in Shanghai, Hong Kong and Seoul.
Trading on Wall Street on Thursday ended in a major way, but in futures trading ahead of Friday’s trading, it is pointing down.