Nordic Stocks: Christian Hansen, Electrolux, Ericsson, Yara Are Active
The Stoxx Nordic 30 Index, the benchmark measure for the region, rose 0.4 percent to 6,529.41 at 3 p.m., in Stockholm, rebounding from the 2.1 percent loss on July 16.
The following companies’ shares were among the most active in Nordic markets today. Symbols are in parentheses.
Boliden AB (BOL SS) slumped 3.1 percent to 83.85 kronor, the biggest drop since July 1. The Swedish copper and zinc miner fell after its second-quarter earnings lagged analyst estimates.
Christian Hansen Holding A/S (CHR DC) rose 2 percent to 101 kroner, erasing its 1 percent drop on July 16. The Danish maker of food ingredients was rated “overweight” at JPMorgan Chase & Co. in new coverage.
Electrolux AB (ELUXB SS) fell the most this month, tumbling 6.2 percent to 156.6 kronor. The world’s second-largest appliance maker said that southern European demand weakened “substantially” at the end of the second quarter.
Ericsson AB (ERICB SS), the world’s biggest maker of mobile-phone networks, rose 2.4 percent to 86.3 kronor, paring its 2.3 percent loss on July 16. The company said it won a three-year order from China Mobile Ltd. “to improve its network quality and operational efficiency.”
Metro International SA (MTROSDBB SS) tumbled 8.5 percent to 1.18 kronor. The Swedish publisher of free newspapers reported a second-quarter net loss of 389,000 euros ($504,000).
Nokia Oyj (NOK1V FH) rose 1.3 percent to 6.86 euros, its fourth gain in five days. The world’s biggest phone maker’s network joint venture, Nokia Siemens Networks, agreed to buy Motorola Inc.’s wireless-network equipment business for $1.2 billion.
Norwegian Energy Co. (NOR NO) rose 1.6 percent to 12.55 euros, paring its 3.9 percent slide on July 16. The North Sea oil and natural-gas explorer has sold its 20 percent interest in the PL378 license to Talisman Energy Norge AS for $43 million. The Norwegian authorities still need to approve the deal.