The Stockholm Stock Exchange opened Monday's trading session with broad declines, mirroring weaker performances on the leading European bourses. The New York Stock Exchange also fell last Friday.
In the news flow, gaming company Stillfront is tumbling after announcing a goodwill write-down worth billions of kronor, along with preliminary fourth-quarter figures. Education company Academedia improved both revenue and operating profit in the second quarter of its broken fiscal year. Several mining companies are under pressure due to continued declines in gold and silver prices.
After 25 minutes of trading, the OMXS30 index was down 0.86 percent at 3 000.48. During the day, the index has fluctuated between a low of -1.18 percent and a high of -0.76 percent.
The broader OMXSPI was down 0.87 percent.
Company
Change
Comment
Byggmax
6.2 %
ABG Sundal Collier raises to hold (sell), target price 55 kronor
Swedencare
0.6 %
Nordea lowers to hold (buy)
NCC
0.4 %
Considering sale of industrial operations to CRH and Heidelberg, sources tell Bloomberg News
Stillfront Group AB (publ) is a Sweden-based independent creator, publisher and distributor of digital games. The Company operates through a number of near-autonomous subsidiaries, including Bytro Labs in Germany, Coldwood Interactive in Sweden, Power Challenge in the United Kingdom and Sweden, and Dorado Online Games in Malta, Simutronics in the United States, and Babil Games in United Arab Emirates and Jordan, among others. The Company's games portfolio includes Call of War, DragonRealms, ManagerZone Football, Lara Croft Relic Run, Supremacy 1914 and Unravel, among others. The games are distributed globally, however the main markets are Sweden, Germany, the United States, United Kingdom, Middle East and North Africa.
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Investor
Investor
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Global
Global
This composite rating is the result of an average of the rankings based on the following ratings: Fundamentals (Composite), Valuation (Composite), Financial Estimates Revisions (Composite), Consensus (Composite), and Visibility (Composite). The company must be covered by at least 4 of these 5 ratings for the calculation to be performed. We recommend that you carefully review the associated descriptions.
Quality
Quality
This composite rating is the result of an average of the rankings based on the following ratings: Capital Efficiency (Composite), Quality of Financial Reporting (Composite), and Financial Health (Composite). The company must be covered by at least 2 of these 3 ratings for the calculation to be performed. We recommend that you carefully review the associated descriptions.
ESG MSCI
ESG MSCI
The MSCI ESG score assesses a company’s environmental, social, and governance practices relative to its industry peers. Companies are rated from CCC (laggard) to AAA (leader). This rating helps investors incorporate sustainability risks and opportunities into their investment decisions.
