Nordic Stocks: Eniro, Ericsson, H&M, Frontline, Nokia Move
The Stoxx Nordic 30 Index, the benchmark measure for the region, rose 0.7 percent to 7,054.87 at the 5:30 p.m. close in Stockholm, its second gain this week.
The following companies’ shares were among the most active in Nordic markets today. Symbols are in parentheses.
Eniro AB (ENRO SS) tumbled 19 percent to 3.15 kronor, the lowest since at least October 2000. The Nordic region’s biggest publisher of yellow pages said yesterday it priced its rights offering at 0.52 kronor a share and said it will offer 30 new shares for each share currently held.
Ericsson AB (ERICB SS), climbed for a second day, rising 1.7 percent to 73.65 kronor. The world’s biggest maker of mobile-phone networks was raised to “buy” from “underweight” at Banco Santander SA.
Frontline Ltd. (FRO NO) slumped for a fourth day, dropping 3.9 percent to 157 kroner. The world’s biggest operator of supertankers had its price estimate cut to 130 kroner from 150 kroner by Arctic Securities ASA.
Hennes & Mauritz AB (HMB SS) climbed 1.6 percent to 237.8 kronor, its second gain. Europe’s second-largest clothing retailer said a temporary collection from French designer Lanvin introduced this week has posted strong sales in countries including China and Russia.
Nokia Oyj (NOK1V FH), the world’s largest maker of mobile phones, gained 1.9 percent to 7.33 euros, rising the most since Nov. 9. Nokia Siemens Networks plans to set up a “smart lab” in South Korea to “explore the potential of wireless broadband technologies” and expects to open the unit in the first quarter of next year.
Royal Unibrew A/S (RBREW DC) gained 5.7 percent to 317 kroner, up 128 percent so far this year. The Nordic region’s second-largest brewer reported nine-month pretax profit of 301 million kroner compared with 126 million kroner a year earlier.
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