The Stoxx Nordic 30 Index, the benchmark measure for the region, advanced 1 percent to 7,113.46 at the 5:30 p.m. close in Stockholm, erasing two days of losses.
The following companies’ shares were among the most active in Nordic markets today. Symbols are in parentheses.
Aker Solutions ASA (AKSO NO) added 1.7 percent to 96.55 kroner, the highest price since May. Kiewit-Aker Contractors, a 50-50 joint venture between Peter Kiewit Infrastructure and Aker, has won ExxonMobil Canada Properties’ front-end engineering and design contract for its Hebron Project.
Bavarian Nordic A/S (BAVA DC) jumped 5.7 percent to 233 kroner, its third straight gain. The Danish biopharmaceutical company said it’s in discussions with drug companies to license its prostate cancer shot. Several drugmakers, “including some of the largest,” are conducting due diligence, Bavarian Nordic said.
Carlsberg A/S (CARLB DC) tumbled 5 percent to 565 kroner, the biggest drop since Aug. 6. The biggest brewer in the Nordic region and in Russia reported third-quarter net income of 1.95 billion kroner ($362.9 million), missing the average estimate of 2.17 billion kroner in a Bloomberg survey of 18 analysts.
Electrolux AB (ELUXB SS) gained 3.4 percent to 171 kronor, erasing two days of losses. The world’s second-largest household appliance maker had its long-term corporate credit rating upgraded to BBB+ from BBB by Standard & Poor’s Ratings Services, which cited the company’s “strong market positions and operating strategy.”
EpiCept Corp. (EPCT SS) dropped 3.9 percent to 3.67 kronor, extending yesterday’s tumble. The Tarrytown, New York-based pharmaceutical company, which is listed on the Stockholm stock exchange, reported $300,000 of third-quarter sales and a loss per share of 6 cents.
Hemtex AB (HEMX SS) plummeted 14 percent to 19.70 kronor, the biggest drop in six months. Sweden’s largest retailer of bed linen and curtains said third-quarter revenue was “worse than expected” and announced the sale of new shares.
Lindab International AB (LIAB SS) retreated 6.6 percent to 97.60 kronor, falling the most in 16 months. The Swedish maker of ventilation systems and metal products decreased after Ratos AB sold 8.85 million shares at 98 kronor per share.
Stora Enso Oyj (STERV FH) rose 4.8 percent to 7.50 euros, erasing two days of losses. Europe’s largest papermaker’s outlook was changed to positive from stable at Moody’s Investors Service.
Vestas Wind Systems A/S (VWS DC), the world’s largest maker of wind turbines, increased 3.3 percent to 177.70 kroner. Goldman Sachs Group Inc. said Vestas remains one of its top picks. Goldman forecasts that the number of wind turbines worldwide will grow 10 percent next year.
To contact the editor responsible for this story: David Merritt at firstname.lastname@example.org.