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 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.
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