Swedish shares continue to climb
TT/The Local - [email protected]
Published: 14 Oct, 2008 CET.
Updated: Tue 14 Oct 2008 09:21 CET
Following Monday’s upward trend, the Stockholm stock exchange had climbed more than 5 percent in the first ten minutes of trading on Tuesday.
Energy stocks are leading the charge, posting gains of 7.4 percent, while banking sector stocks were up 6.2 percent.
And despite posting a third quarter loss of 8.8 billion kronor ($1.24 billion), the Wallenberg family holding company Investor saw its stock rise 5.2 percent.
Other winners in early trading include clothing companies Björn Borg and New Wave Group, which rose 11.6 percent and 6.5 percent respectively.
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Energy stocks are leading the charge, posting gains of 7.4 percent, while banking sector stocks were up 6.2 percent.
And despite posting a third quarter loss of 8.8 billion kronor ($1.24 billion), the Wallenberg family holding company Investor saw its stock rise 5.2 percent.
Other winners in early trading include clothing companies Björn Borg and New Wave Group, which rose 11.6 percent and 6.5 percent respectively.
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