Stock exchange down five percent
TT/The Local - [email protected]
Published: 24 Oct, 2008 CET.
Updated: Fri 24 Oct 2008 09:22 CET
The Stockholm stock exchange took a tumble in early trading on Friday, with the OMXS index dropping 5 percent by 9.15am. Shares in Volvo shed 19 percent of their value.
Truckmaker Scania, which also reported profits below analysts expectation, say its share value drop by 9 percent.
Stock in the Carnegie investment bank plummeted by nearly 35 percent after reporting a loss of 517 million kronor ($65 million) for the third quarter.
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Truckmaker Scania, which also reported profits below analysts expectation, say its share value drop by 9 percent.
Stock in the Carnegie investment bank plummeted by nearly 35 percent after reporting a loss of 517 million kronor ($65 million) for the third quarter.
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