The decline on the Stockholm Stock Exchange accelerates ahead of closing – both main indexes at annual lows
The mood on the Stockholm Stock Exchange is becoming increasingly gloomy in late trading. Both the OMXSPI and the large cap index OMXS30 are now trading at their lowest level this year on an intraday basis.
When just over one with half an hour of trading remaining, the broad OMXSPI is down 2.7 percent at 709.72 and the OMXS30 is down 2.0 percent at 1,840.39. Both indices have thus fallen below recent annual lows.
The grocery companywhich trades without the right to a dividend of SEK 3.75 per share, falls by double digits after Danske Bank lowered its recommendation for the share from buy to hold with a target price of SEK 320.
The security group Securitas goes against the grain and raises around 10 percent.
The text is updated.