Stockholm shares slightly higher in early trade |
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Wed, 21 Mar 2007 10:19
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STOCKHOLM (AFX) - Stockholm shares were slightly higher in early morning trade, on continued bargain hunting, dealers said.At 10.00 am, the OMX Stockholm index was up 0.38 pct at 390.53, and the OMX Stockholm 30 up 0.29 pct at 1,199.74. Turnover was 3.96 bln skr.'People have seen the US doing well for days in a row, and the US housing data wasn't as bad as expected. Copper is also at three month highs (indicating strong economic growth),' a dealer said.Ericsson B was down 0.20 pct at 25.20 and Nokia up 0.32 pct at 155.Among the telecom operators, TeliaSonera was up 0.41 pct at 60.75, and Tele2 B down 0.45 pct at 109.75.SAS was flat at 123.75. SAS' cabin crews in Denmark have started a wildcat strike after pay talks with the 1,600-member CAU union broke down yesterday evening, various media reported today.'Nobody knows how long this thing is going to last, and SAS is always getting hit by strikes, so nobody is attaching any great significance to this, unless it drags out,' a dealer said.Scania B was up 0.77 pct at 522. Scania said it has won an order for 144 trucks from the Russian grocery chain X5 Retail Group.Among other heavily traded shares, Alfa Laval rose 0.40 pct to 375.50, Hennes & Mauritz B climbed 0.13 pct to 391, and Swedish Match was down 0.80 pct at 124.75.TF.TFN-EuropeStockholm@thomson.comhc/sljCOPYRIGHTCopyright 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 AFX at a glance outlook 