Slight rise on the Stockholm Stock Exchange, OMXS30 index up 0.2 percent
At the close, the OMXS30 index was up 0.20 percent to 2,513.85. Shares worth around SEK 29.0 billion were traded on the Stockholm Stock Exchange.
The best performance among the stock exchange's major industrial sectors was finance with an increase of 1.09 percent. At the other end of the scale, telecom was at the bottom with minus 0.92 percent.
Among the leading shares, which are included in the OMXS30 index, ABB rose 1.4 percent while SCA was up 1.3 percent. SBB B was the worst performer, down 9.1 percent, while Evolution was down 2.4 percent.
Mobile operator Millicom intends to delist its SDRs from Nasdaq Stockholm and consolidate trading in its shares on a single exchange, Nasdaq in New York. The company is also implementing a $150 million share buyback program and introducing a dividend of $1 per share. Millicom last paid a dividend in November 2019. The share fell by 5.6 percent.
Real estate company SBB's shares fell 9.1 percent after more bondholders made similar demands against the company as the hedge fund Fir Tree had previously made.
Credit rating agency S&P Global raised its outlook on SEB to positive from stable and maintained its long-term rating of A+ and short-term rating of A-1. The A-share rose 0.2 percent.
Infrastructure group Vestum is divesting its civil engineering contracting business in order to increase focus on its core business and reduce debt. The divestments result in capital gains of SEK 241 million and write-downs of SEK 71 million. The share climbed 8.5 percent.
Roc Oil Company extended the acceptance deadline for the bid for the oil company Tethys Oil from December 2 to December 16. This is pending regulatory approval in Lithuania. The share increased 2.3 percent.
The mining company Viscaria has agreed on a shareholder loan of SEK 315 million with its major shareholders. The company also intends to carry out a rights issue, so that shareholders are not diluted from the loan. The share fell 2.1 percent.
The medical technology company Synthetic MR acquires Finnish Combinostics for EUR 4.3 million, equivalent to SEK 50 million. To part-finance the acquisition, Synthetic MR announced plans to carry out a rights issue of SEK 65 million, which is fully secured by subscription commitments and guarantee commitments. The share fell by over 20 percent.
On the analysis front, Bank of America has raised ABB to buy from neutral. The share rose 1.4 percent.
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