SSE (Stockholm) Market Overviews
Stockholm Stock Market Overview 28/11/2005 – 2/12/2005br/> This week the behavior of shares on the Stockholm Stock Market was extremely changeable. Opcon AB (OPCO) faced a great fall of share prices on Thursday, however the price returned to its previous position exactly on the next day. The second company described in this week’s report is Wedins Skor & Accessoarer AB ser. B (WED B) with a dramatic fall of stock value. The last company which will be under the discussion is ScanMining AB (SCMI) whose shares were quickly rising in prices during the week.
To begin with, Opcon AB (OPCO) experienced a strong variation of shares price this week. It began the week with a stable price of 1.47 EURO and hadn’t faced any changes until Thursday. That day the company lost approximately 0.18 EURO per share. However, the stock value recovered on Friday and even broke the price set in the begging of the week. Now the price per share is 1.58 EURO, what could be explained by the further events. On 1-3 of December Opcon Inc. visited the Performance Racing Industry show in Orlando and demonstrated its new products. Most probably, new developments of the company burned great interest and, thus, made the stock value rise. The same tendency is expected and next week.
The second company, Wedins Skor & Accessoarer AB ser. B (WED B), wasn’t such successful on the Stock Market. On the contrary, the value it lost during the last week can not be recovered in the nearest time. First of all, the losses of share price are extremely huge – the price per share was 4.53 EURO on Friday, although it began the trading week with a value of 5.58 EURO. Second of all, as it was announced on the company’s webpage on the 2nd of December, it experiences huge financial problems, which strongly decreases the image of the company. The further fall in stock value is possible on the next week.
And last but not the least important company is ScanMining AB (SCMI), which share price was climbing modestly during November and sharply climbed to the point of 1.26 EURO per share this week. Such a positive growth could be explained by several facts related to the company being observed. Firstly, the ScanMining AB is one of the leaders in the Northern Europe and the first gold mining company in Sweden. Secondly, they have had positive accounting profit for the last several years. Most likely, the stock value of the company will continue rising next week also, even if some, negative changes will appear.
By Vitalija Bogdanoviciute,
Aleksej Jevstafjev,
Egle Saltinyte
