Nordic Stocks: Boliden, Nokia, Fortum, Swedbank, Konecranes
The Stoxx Nordic 30 Index, the benchmark measure for the region, rose 2 percent to 7,101.16 at the 5:30 p.m. in Stockholm, its second increase.
The following companies’ shares were among the most active in Nordic markets today. Symbols are in parentheses.
Boliden AB (BOL SS) soared 7.6 percent to 115 kronor, the highest level since 2007. The Swedish copper and zinc miner said third-quarter profit rose to 909 million kronor ($137 million) compared with 683 million kronor a year earlier. A Bloomberg survey of eight analysts had predicted profit of 859 million kronor.
Fortum Oyj (FUM1V FH) rose 2.6 percent to 20.33 euros, paring five days of losses. The second-largest Nordic utility said third-quarter net income was 247 million euros ($345 million), beating the 223 million-euro mean estimate of eight analysts surveyed by Bloomberg.
Huhtamaeki Oyj (HUH1V FH) slipped 5.6 percent to 9.30 euros, its biggest fall since Feb. 12. The Finnish packaging supplier to McDonald’s Corp. reported third-quarter net income of 24.7 million euros from continuing operations, compared with net income of 21.7 million euros in the same period a year earlier.
Konecranes Oyj (KCR1V FH) jumped 6.3 percent to 29.78 euros, the biggest rise since July 23. The world’s largest supplier of industrial cranes rose after reporting third-quarter net income of 23.1 million euros, more than the 19.4 million- euro average estimate in a Bloomberg survey.
Nokia Oyj (NOK1V FH) advanced 6.3 percent to 8.205 euros, the biggest gain since Jan. 28. The world’s largest maker of mobile phones raised its industry forecasts, beat analysts’ third-quarter estimates and announced 1,800 job cuts.
Outokumpu Oyj (OUT1V FH) slumped 4.3 percent to 13.16 euros, the steepest fall since June 22. The Finnish stainless- steel maker reported a third-quarter net loss of 56 million euros, more than the 24.7 million-euro net loss estimated by 12 analysts in a Bloomberg survey.
RNB Retail & Brands AB (RNBS SS) tumbled 8.5 percent to 8.10 kronor, falling the most since May 7. The owner of clothing stores JC, Brothers & Sisters and Polarn O. Pyret reported fourth-quarter sales of 759 million kronor compared with 813 million kronor.
Seadrill Ltd. (SDRL NO) fell 1.6 percent to 175.9 kroner, erasing two days of gains. The operator of the second-largest fleet of ultra-deepwater rigs intends to issue up to $650 million in convertible bonds.
Swedbank AB (SWEDA SS) rose 5.6 percent to 98.55 kronor, the highest price since 2008. The largest bank in the Baltics reported a third consecutive quarterly profit that beat analysts’ estimates after credit impairments in Estonia, Latvia and Lithuania declined.
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