Stockholm shares slightly lower early afternoon as profit-taking spreads |
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Tue, 23 Jan 2007 13:02
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STOCKHOLM (AFX) - Shares were slightly lower in early afternoon trade led down by telecoms following a profit warning from France's Alcatel-Lucent, but with selling spreading to the rest of the market amid indications the Nasdaq will open lower, brokers said.At 12.40 pm, the OMX Stockholm index was down 0.56 pct at 383.64 points, and the OMX Stockholm 30 down 0.53 pct at 1,173.40. Turnover was 16.436 bln skr.Ericsson B was down 1.23 pct at 28.15 skr, and Nokia down 1.93 pct at 138.15.Alcatel said its fourth quarter sales will fall 12 pct from a year earlier to around 3.87 bln eur, while its full-year sales will fall by 33 pct to 12.3 bln eur.Elsewhere in the market, Skanska B was up 0.69 pct at 145.25, TeliaSonera down 0.87 pct at 57, SKF B down 0.20 pct at 127.50, and Hennes & Mauritz B down 0.29 pct at 342.50.simon.richardson@thomson.comsjr/ambCOPYRIGHTCopyright AFX News Limited 2006. 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 