Tallinn 10:00-16:00
Riga 10:00-16:00
Vilnius 10:00-16:00
Moscow 09:30-17:45
Stockholm 10:00-18:20
Helsinki 10:00-18:20
2010-09-22 10:36:01
EUR/USD 0.8005
EUR/LVL 1.4134
EUR/LTL 0.2896
EUR/EEK 0.0639
EUR/SEK 0.1044
EUR/RUB 0.0265
Indices: / OMXR 0.00% / OMXV 0.00% / OMXT 0.00% / OMXS30 0.00% / OMXH25 0.00% / RTS 0.00%                     Stocks: SKF-B 0.00% / CHMFS 0.00% / SSAB-A 0.00% / LKOHS 0.00% / OUT1V 0.00% / SKF-B 0.00% / CHMFS 0.00% / SSAB-A 0.00% / LKOHS 0.00% / OUT1V 0.00%                     Porfolios: xxx 0.00% / matas 0.00% / iFund 0.00% / warkes 0.00% / pirmas 0.00%
 

STO (Stockholm) - Swedish Stock Market Overview

Year: 2010 Week: 9
 
This was a fluctuating week for the Stockholm Stock Exchange (STO). The OMX Stockholm 30 index (OMXS30) fell by 0.8% stopping at 947.39 points despite the better-than-expected company performance and macroeconomic outlook. The total turnover for the week was 986 million EUR. The massive drop on Thursday could be explained by the statement issued by the US Labor Department, which describes that initial jobless applications jumped to a three-month high. Furthermore, it was noted on the same day that further downgrades of Greece's credit ratings are possible, leading to bigger concerns in the Eurozone. In the graph: OMXS30 (blue), OMXH25 (red) and Dow Jones (green).
 
 
OMXS30, week 9, 2010 (Yahoo Data)

The biggest winners this week were Swedbank (SWED A) with +3.03% and Scania (SCV B) with +2.39%. The biggest losers were Sandvik (SAND) with -5.19% and Boliden (BOL) with -3.86%.
 
The infamous Swedish banking giant Swedbank (SWED A) was going up and down throughout the week until Friday when it, along with the whole STO index, managed to go up by 4.21% which was sufficient for the company to declare the lead among the top performing companies of the week. Total weekly gains accumulated to +3.03% (+0.21 EUR) increasing Swedbank’s share price to 6.99 EUR per share. Earlier this week, Swedbank announced that in order to further strengthen its HR unit, two people with excellence in the field of HR were recruited. This fact did not seem to give a positive impact to the company’s share price at the day of announcement, but may have had a positive effect to it on Friday. All in all, in case you were lucky enough to possess Swedbank shares before the increase on Friday, you may consider holding on to them for a while.
 

 
Another “last trading day gainer” this week was a manufacturer of heavy trucks and buses Scania B (SCV B) which, after a rather unsuccessful first half of the trading week, gained 2.23%, which was enough for it to become the second largest gainer for the week. The total weekly rise for the company was +2.39% (+0.24 SEK) which increased its share price to 10.34 EUR per share. The Candlestick graph tells us that the bulls are gaining force, indicating a likely further increase in Scania’s share price.
 
 
 
A rather small gain on Friday did not save a high-technology engineering group, Sandvik (SAND), after a steady decrease it experienced this week. A loss of -5.19% (-0.43 EUR) this week decreased Sandvik’s share price to 7.88 EUR per share and made it the biggest loser of the week. Investors were not satisfied with the company’s financial statements, which were released in the beginning of this month, and its share price had been going down until this Friday. So maybe buying Sandvik’s shares now when the price is low and a sign for a change in the negative trend has appeared is a good short-term investment decision.
 
 
  Sandvik share price changes. Source: http://markets.ft.com/ft/markets/interactiveChart.asp#
 
Mineral extracting and high-quality metal producer Boliden (BOL) started the week in a very dull manner, with absolutely no changes in its share price on Tuesday and Wednesday. Despite that, an unexpected drop of -5.20% occurred on Thursday, followed by an increase on Friday. The bad luck on Thursday made Boliden the second worst performing company of the week, with a weekly decrease of -3.86% (-0.36 EUR).
 
Because of major changes in Boliden’s share price due to financial statements published earlier this year, it is hard to predict which animal spirit (the bull or the bear) is more powerful in this case. But do not disregard Boiliden as an investment opportunity. Why exactly? It seems that speculators are going to pay attention to Boliden as it is very liquid compared to other shares. Even on Friday, when buying signal was not so strong, the price jumped by 1.6 %. If the mood remains the same on Monday, weak buying signal will be maintained by substantial market activity what will lead to strong buying signal. It is expected the price to jump 8 % during the next week. Enjoy! Suggestion: buy BOL.
 

 
It seems that we can publish publicly the name of the next week as the “greenest ever”. After almost all companies announced their 4th quarter results, not only speculators but also huge institutional investors appeared, thus increasing exuberance in the market.
 

 Source: www.euroinvestor.com
 
Nordea Bank looks even more inspiring. As the single moving average and exponential moving average crossed each other last week, the trend should finally be decided upon next week. Assuming that market players are going to bring a lot of money into the market next week, we get that exuberance is expected to increase, thereby, the upwards trend will be supported strongly. Suggestion: buy NDA SEK.


Review by: Mārtiņš Kozlovskis, Emīls Kreislers, Karolis Švitra