Nordic Stocks: Kongsberg, Meda, Nokia, Songa, Seadrill Move

The Stoxx Nordic 30 Index, the benchmark measure for the region, rose for a second day, gaining 6.9, or 0.1 percent, to 7,594.68 at the 5:30 p.m. close of trading in Stockholm.

The OMX Stockholm 30 Index dropped 0.5 percent and the OMX Helsinki 25 Index gained fell 0.1 percent. Norway’s OBX Index rose 1 percent and the Copenhagen 20 Index climbed 1.4 percent.

The following companies were among the most active in Nordic markets today. Stock symbols are in parentheses.

Kongsberg ASA (KOG NO) rose for a third day, gaining 5 percent to 137 kroner. The Norwegian defense and aerospace manufacturer reported a fourth-quarter earnings before interest, tax and amortization of 744 million kroner ($127 million), compared with 473 million kroner a year earlier.

Meda AB (MEDAA SS) rose the most in more than two years, soaring 14 to 56.90 kronor. Sweden’s second-largest health-care company reported higher-than-estimated earnings and lifted its proposed dividend payment.

Nokia Oyj (NOK1V FH) fell for a third day, losing 5.3 percent to 6.63 euros. The world’s biggest maker of mobile phones slid as analysts lowered their price estimates and stock ratings after the company’s Feb. 11 strategy presentation.

Songa Offshore SE (SONG NO) advanced for a second day, gaining 3.6 percent to 34.8 kroner. The Norwegian owner of drilling rigs reported fourth-quarter net profit of $110 million, up from $54.7 million a year earlier.

Seadrill Ltd. (SDRL NO) rose for a fourth day, gaining 3.1 percent to 214.9 kroner. The owner of the world’s second-largest fleet of deepwater rigs said it may list its harsh-environment drilling unit to raise funds for an expansion.

To contact the reporter on this story: Marianne Stigset in Oslo at mstigset@bloomberg.net; Meera Bhatia at mbhatia2@bloomberg.net

To contact the editor responsible for this story: Will Kennedy at wkennedy3@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.