Stockholm shares TFN at a glance outlook |
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Fri, 13 Apr 2007 08:03
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STOCKHOLM (TFN) - Shares are expected to open flat to slightly lower on profit-taking after the Nasdaq's weak session overnight, brokers said.Yesterday, the OMX Stockholm index closed up 0.17 pct at 408.55, and the OMX Stockholm 30 up 0.32 pct at 1,253.21. Turnover was 28.633 bln skr.FORTHCOMING EVENTSToday-Saab trades ex div 4.25 skr per shareTODAY'S PRESS-OMX largest owners, including the Swedish state are open to a bid for the company at the right price (Dagens Industri)-'We are talking to everyone,' says Nasdaq information chief regarding the US bourse's international expansion plans (Dagens Industri)-Hennes & Mauritz CEO Rolf Eriksen says around 200 mln Chinese have same shopping power as Europeans as retailer opens its doors in Shanghai (Svenska Dagbladet)NEWS-Stockholm to reintroduce vehicle congestion charge from Aug 1MARKET SENTIMENT-Carnegie says no bid has been placed on OMX yet, but believes one is likely in the future.'After speaking to management, it is clear that no bid, not even an indicative bid, has been placed on OMX,' said Carnegie, adding 'Despite this, we still believe OMX is a takeover candidate and we believe the share price will stay above 170 skr in the near future due to bid speculation and as it still trades at a discount to most peers'.-Ericsson target price cut to 31 skr from 31.50 skr at Deutsche Bank - Direkt-Carnegie reiterate 'Neutral' recommendation on Getinge and says will make only 'minor adjustments' to its 2007 EPS forecasts following the company's update about the financial effects of its Huntleigh acquisition.-Carnegie reiterates 'Outperform' on Metro but says launch of a new edition in Sao Paulo, Brazil on May 7 will 'burden our 2007 and 2008 earnings estimates slightly'.-Among Swedish shares traded in New York overnight, Ericsson B closed 0.68 skr lower compared with its Stockholm closing level, while Volvo B, AstraZeneca and Autoliv were little changed.-Nokia A closed 0.66 skr lower in New York compared with its Stockholm close.TF.TFN-EuropeStockholm@thomson.comsjr/jfrCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
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Stockholm shares close higher, Elekta sharply lower 