Nordic Stocks: Norske Skog, Stora Enso, Holmen, Saab Shares Are Active
The Stoxx Nordic 30 Index, the benchmark measure for the region, was little changed at 6,675.88 as of 11:21 a.m. in Stockholm.
The following companies’ shares were among the most active in Nordic markets today. Symbols are in parentheses.
Norske Skogindustrier ASA (NSG NO) jumped 19 percent to 10.75 kroner, its biggest gain since 2008, before trading was halted. The Norwegian papermaker is planning a newsprint venture with rivals Holmen AB and Stora Enso Oyj, Finnish newspaper Helsingin Sanomat reported, without saying where it got the information.
Holmen advanced 6 percent to 209.3 kronor, while Stora Enso climbed 4.6 percent to 6.65 euros. Both stocks were also suspended.
Precise Biometrics AB (PREC SS) rose 1.3 percent to 1.58 kronor. The Swedish maker of fingerprint and smartcard-based systems said it won an order for its Match-on-Card project for government employees worth 2.4 million kronor ($331,000).
Saab AB (SAABB SS) advanced 2.1 percent to 95.50 kronor, extending yesterday’s 2.3 percent gain. The company said it’s stepping up a campaign to sell its Gripen warplane in Asia and eastern Europe as Switzerland’s decision to delay a $1 billion fighter purchase threatens to curtail production of the jet.