Nordic Stocks: Bavarian, Lundin, Hydro, Sandvik, SKF, Vestas
The Dow Jones Nordic 30 Index, a measure for the region, rose for a second day, gaining 122.85, or 1.7 percent, to 7,583.69 at 5:37 p.m. in Stockholm.
The following companies are among the most active in Nordic markets today. Stock symbols are in parentheses.
Bavarian Nordic A/S (BAVA DC) fell 0.6 percent to 252.5 kroner. The Danish drug developer will start a new second-phase study with its Prostvac product treating patients who have metastatic castration-resistant prostate cancer.
Lundin Mining Corp. (LUMI SS) jumped the most since May 2009, advancing 17 percent to 49.70 kronor. Equinox Minerals Ltd. offered C$4.8 billion ($4.9 billion) in cash and shares for the mining company.
Metso Oyj (MEO1V FH) rose for a third day, adding 1.9 percent to 37.46 euros. The Finnish maker of paper machines and mining equipment said it won a U.S. order valued at 11 million euros ($15 million).
Nordicom A/S (NRDC DC) tumbled 17 percent to 9.70 kroner, the biggest drop since October. The Danish real-estate developer said Chief Executive Officer Niels Troen resigned and the company expects writedowns to continue.
Norsk Hydro ASA (NHY NO) rose for a third day, adding 3.3 percent to 46.10 kroner. Europe’s third-largest aluminum maker completed the purchase of bauxite and alumina assets from Brazil’s Vale SA.
Per Aarsleff A/S (PAALB DC) rose for a second day, gaining 1.1 percent to 449 kroner. Danske Bank A/S lifted its price estimate for the shares of the Danish engineering company to 600 kroner from 525 and kept its “buy” recommendation.
Sandvik AB (SAND SS) advanced for a third day, gaining 2.3 percent to 121.50 kronor. The world’s largest maker of metal- cutting tools said it won an order worth more than 3 billion kronor ($472 million) with Westinghouse Electric Co.
SKF AB (SKFB SS) advanced for a third day, rising 3.6 percent to 176.50 kronor. The world’s largest maker of ball bearings won an order with Xinjiang Goldwind Science & Technology Co., a turbine maker in China, worth 500 million kronor.
Vestas Wind Systems A/S (VWS DC) rose 3.6 percent to 186.10 kroner, the biggest gain since Jan. 21. The world’s largest maker of wind turbines said it has reached a agreement with PNE Wind AG to supply machines for the Gode Wind II project.