Nordic Stocks: Boliden, Lundbeck, NKT, Novo, REC, Vestas Move
The Stoxx Nordic 30 Index, the benchmark measure for the region, rose 1.9 percent to 7,723.79 at 3:39 p.m. in Stockholm.
The following shares were among the most active in Nordic markets today. Symbols are in parentheses.
Boliden AB (BOL SS) climbed 3.4 percent to 141.4 kronor, the highest price since October 2007. Copper prices jumped to a record in New York on speculation that global supplies will trail demand as the global economic recovery rebounds.
H. Lundbeck A/S (LUN DC) increased 6.9 percent to 113.3 kroner, the biggest jump since June 2009. The Nordic region’s second-largest drug company said two phase III studies of nalmefene to treat alcohol dependence had positive results.
Konecranes Oyj (KCR1V FH) advanced 5.4 percent to 32.57 euros, the biggest jump since Oct. 21. The world’s largest supplier of industrial cranes was raised to “buy” from “hold” at FIM.
NKT Holding A/S (NKT DC), the world’s largest maker of industrial vacuum cleaners, increased 4 percent to 309 kroner, its highest price since May 12. The company’s NKT Flexibles unit started a three-year program aimed at developing flexible pipes for carbon-dioxide applications, Offshore Oil and Gas Magazine said on its website, citing people it didn’t identify at NKT.
PA Resources AB (PAR SS), the Swedish oil producer, jumped 8.7 percent to 8.15 kronor, climbing to the highest price since May 6. The company was awarded a German offshore license.
Renewable Energy Corp. ASA (REC NO) jumped 3 percent to 18.32 kroner, erasing two days of decline. The maker of solar- energy components won a contract valued at 1.1 billion kroner ($188 million) from a new customer.
SimCorp A/S (SIM DC) slipped 5.7 percent to 844 kroner, the biggest fall since Nov. 17. The Danish maker of asset-management software used by Deutsche Bank AG and Sweden’s central bank said it doesn’t expect to meet its 2010 forecasts for revenue and earnings before interest and taxes.
“The revenue growth is now projected to 2 percent to 3 percent against previously 5 percent to 10 percent,” it said.
Seadrill Ltd. (SDRL NO), the offshore oil-rig company, increased 2.1 percent to 201.3 kroner, rebounding from a two-day loss. It said it agreed to buy two ultra deepwater rigs being built at the Jurong Shipyard for about $1.2 billion.
Vestas Wind Systems A/S (VWS DC) rose 4.8 percent to 184.6 kroner. The world’s largest wind-turbine maker won a 51 megawatt order in Germany and a 66 megawatt order in Italy, according to two separate statements published on its website Dec. 31.
Separately, Vestas was included in Nomura Holdings Inc.’s list of 30 companies that may be bought in 2011.
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