Tallinn 10:00-14:00
Riga 10:00-14:00
Vilnius 10:00-14:00
Moscow 09:30-17:45
Stockholm 10:00-18:20
Helsinki 10:00-18:20

All times: GMT +2
2008-02-09 16:35:01
EUR/USD 0.6894
EUR/LVL 1.4362
EUR/LTL 0.2896
EUR/EEK 0.0639
EUR/SEK 0.1061
EUR/RUB 0.0279
Indices: / OMXR 0.00% / OMXV 0.00% / OMXT 0.00% / OMXS30 0.00% / OMXH25 0.00% / RTS 0.00%                     Stocks: BANE 0.00% / SEBA 0.00% / SCVB 0.00% / SCVA 0.00% / SCRIB 0.00% / BANE 0.00% / SEBA 0.00% / SCVB 0.00% / SCVA 0.00% / SCRIB 0.00%                     Porfolios: pantera 5.38% / Reliance 4.31% / AC 3.55% / Kraujas 3.48% / Vito 3.39%
 

SSE (Stockholm) - Swedish Stock Market Overview

Year: 2008 Week: 5
As the recession in the world stock exchange markets is continuing, Stockholm is not an exception. This week the OMX Stockholm 30 Index (OMXS30) decreased by 1.32%, with 11 share prices having increased and 19 decreased. The major losers were SEB Group (SEB A), Volvo AB (VOLV B) and AstraZeneca AB (AZN). However, some of the companies had quite a successful week, as the share prices of Svenska Cellulosa AB (SCA B), SKF AB (SKF B) and Electrolux AB (ELUX B) increased quite a lot.
 
Svenska Cellulosa AB (SCA B), a developer and producer of personal care products, tissue, packaging solutions, publication papers and solid wood products, experienced a big share price increase of 11.84% after a very unsuccessful period from the very beginning of year. The last price climbed up to €10.98. All this seems to be an effect of the company’s financial statement, released this week. It indicates a 21% rise in the pre-tax profit, which, according to Chief Executive Officer Jan Johansson, was a result of higher prices and a better product mix, especially in packaging service. SCA proposed a full-year dividend of €0.47 per share compared to €0.42 for 2006. After such an inspiring report the company is expected to keep performing well, so investors’ expectations towards SCA should remain positive at least for some time.
 
Assa Abloy AB (ASSA B), the world's largest lock maker, this week experienced a growth of 4.81% in the share price and ended the week at €12.12 per share. On 31st of January, company announced the acquisition of SimonsVoss Technologies AG - a leading company in the rapidly growing market for wireless digital locking and access control systems. SimonsVoss Technologies AG develops, manufactures and markets electronic locking and access control systems for public and commercial buildings. SimonsVoss is expected to achieve sales exceeding €40 million in 2008, representing more than 20% top line growth, with an EBIT margin in line with the ASSA ABLOY Group. The acquisition will be financed through existing credit facilities. Acquisitions and takeovers quite often are causing rise of share price rising and it should happen that Assa Abloy share price will also go up next week.
 
Electrolux AB (ELUX B), producer of home appliances and appliances for professional use, ended the week at €10.72, an increase of 4.76% from the beginning of the week. Electrolux launched the 6th edition of its annual design competition via www.ElectroluxDesignLab.com and will select a limited number of entries to compete in Zurich at the international finals October 8 and 9, 2008. Electrolux Design Lab 2008 invites industrial design students around the world to create tomorrow’s home appliances for the Internet generation (brand-conscious, busy young professionals between 25-35 who are independent, concerned about the environment, and whose lives are intertwined with technology and online social networks). The competition will help Electrolux to find some new daring ideas and solutions and implement them in the near future to gain even bigger share in the home appliance market. These news will not have lasting effect for the future share rise, but they just gave a boost for investors.

Review by: Kęstutis Lizdenis, Gunita Aivare, Dmitrij Nesterenko