Record gains on Stockholm exchange
TT/The Local - [email protected]
Published: 13 Oct, 2008 CET.
Updated: Mon 13 Oct 2008 18:18 CET
The Stockholm stock exchange recovered some of the ground lost in recent weeks with a massive 8.8 percent rise on Monday.
Monday's market performance represented the third highest increase on the Stockholm bourse since 1987 and the largest so far this decade.
An EU-wide stabilization package at the weekend is being seen as the driving force behind Monday's recovery, which was replicated in markets across the Union.
The country's beleaguered bank stocks made a much needed recovery as the OMXS index climbed to 214.1 points.
SEB led the charge (+12.8 percent), closely followed by Swedbank (+11.3 percent), Handelsbanken (+7.4) and Nordea (+5.7).
Wallenberg family jewel Investor was also one of the day's big winners, up 14.6 percent to 111.75 kronor.
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Monday's market performance represented the third highest increase on the Stockholm bourse since 1987 and the largest so far this decade.
An EU-wide stabilization package at the weekend is being seen as the driving force behind Monday's recovery, which was replicated in markets across the Union.
The country's beleaguered bank stocks made a much needed recovery as the OMXS index climbed to 214.1 points.
SEB led the charge (+12.8 percent), closely followed by Swedbank (+11.3 percent), Handelsbanken (+7.4) and Nordea (+5.7).
Wallenberg family jewel Investor was also one of the day's big winners, up 14.6 percent to 111.75 kronor.
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