Blackberry Posts Loss as Revenue Misses Estimates
Nordic Stocks: AF, Citycon, Kesko, Konecranes, Vestas Wind Systems Move
The Stoxx Nordic 30 Index, a benchmark measure for the region, slipped 0.2 percent to 6,649.23 at 1:24 p.m. in Stockholm, the first drop in three days.
The following companies’ shares were among the most active in Nordic markets today. Symbols are in parentheses.
AF AB (AFB SS) slid 4.3 percent to 111.25 kronor, falling the most since June 24. The Swedish electrical engineering company reported second-quarter operating income of 1.04 billion kronor ($140.6 million) compared with 1.2 billion kronor a year earlier.
Chr. Hansen Holding A/S (CHR DC), which held an initial public offering in June, rose 1 percent to 98.35 kroner, paring two days of losses. The producer of natural food ingredients was initiated at “outperform” by Credit Suisse Group AG.
Citycon Oyj (CTY1S FH) slumped 5.3 percent to 2.51 euros, sliding the most this month. The Finnish real-estate company reported second-quarter sales of 48.6 million euros ($61.8 million) compared with 49.5 million euros a year earlier.
SEB AB (SEBA SS) fell 1.8 percent to 47.88 kronor, the first loss in eight days. The second-largest bank in the Baltic countries was downgraded to “sell” from “hold” at ABG Sundal Collier.
Tieto Oyj (TIE1V FH) gained 2.8 percent to 13.93 euros, heading for the biggest increase since May. The largest Nordic provider of computer services was raised to “strong buy” from “buy” at Swedbank AB.