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 OMX Stockholm 30 Index (OMX) gained 1.1 percent today, while Norway’s OBX Index increased 0.7 percent. The OMX Copenhagen 20 Index (KFX) rose 0.6 and the OMX Helsinki 25 Index (HEX25) gained 0.7 percent.

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

Bavarian Nordic A/S (BAVA) 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. (LUN) 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) 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) 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) 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) 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) 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) 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) 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.

To contact the reporter on this story: Christian Wienberg in Copenhagen at;

To contact the reporter on this story: Meera Bhatia in Oslo at

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