Stockholm shares AFX at a glance outlook |
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Thu, 25 Jan 2007 09:02
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STOCKHOLM (AFX) - Shares are expected to open slightly higher, supported by overnight gains on Wall Street and Hennes & Mauritz's strong fourth-quarter report, brokers said.Yesterday, the OMX Stockholm index closed down 0.45 pct at 384.07, while the OMX Stockholm 30 index slipped 0.53 pct to close at 1,175.13.FORTHCOMING EVENTSTODAY-Scania Q4; market consensus Q4 pretax 2.479 bln skr-Sweden Dec PPI (9.30 am)-Sweden Dec trade surplus (9.30 am)PRESS HEADLINES-Cevian's Christer Gardell says continues to up stake in Volvo, says Volvo can have EBIT margin of 12 pct ex buses, and share worth at least 1,000 skr (Dagens Industri)COMPANY NEWS*H&M Q4 PROFIT AFTER FINANCIALS 5.440 BLN SKR; MARKET CONSENSUS 4.940*H&M Q4 GROSS MARGIN 61.8 PCT; MARKET CONSENSUS 61.0 PCT*H&M UPS FULL YEAR DIVIDEND TO 11.50 SKR PER SHARE FROM 9.50*H&M DEC SALES UP 16 PCT YR-ON-YR; MARKET CONSENSUS 13.3 PCT-H&M Q4 profits jump on stronger margins; beats expectationsMARKET SENTIMENT*ATLAS COPCO UPGRADED TO 'OVERWEIGHT' VS 'EQUAL-WEIGHT' AT MORGAN STANLEY-Among Swedish shares traded in New York yesterday, Ericsson B closed little changed compared with its Stockholm closing level, Volvo B around 2 skr lower, AstraZeneca around 2 lower, and Autoliv little changed.-Nokia A closed marginally higher in New York compared with its Stockholm closing level.TF.TFN-EuropeStockholm@thomson.comhc/harCOPYRIGHTCopyright 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 close slightly higher, led by oils 