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Nordic Stocks: GN Store, Petroleum Geo-Services, Saab Move

Sept. 2 (Bloomberg) -- The Stoxx Nordic 30 Index, the benchmark measure for the region, fell 0.4 percent to 6,649.98 at the 5:30 p.m. close in Stockholm, paring yesterday’s 3.8 percent gain.

The OMX Stockholm 30 Index dropped 0.6 percent and the Copenhagen 20 Index slipped 0.5 percent. The OMX Helsinki 25 Index advanced 0.3 percent, while Norway’s OBX Index slipped 0.4 percent.

The following companies’ shares were among the most active in Nordic markets today. Symbols are in parentheses.

GN Store Nord A/S (GN DC) soared 8.3 percent to 41.70 kroner, rising the most since May 26. The world’s largest maker of headsets said Vienna’s Arbitration Tribunal will rule tomorrow on the Danish company’s claim for 5 billion kroner ($860 million) from Telekomunikacja Polska SA.

Petroleum Geo-Services ASA (PGS NO) jumped 3.9 percent to 61.45 kroner, up 8.4 percent in the past two days. The world’s third-biggest surveyor of oil and natural-gas fields said positive results from Cairn Energy Plc’s ongoing drilling campaign off Disko Island in Greenland would lead to further surveying work in the area.

Saab AB (SAABB SS) advanced 1.6 percent to 95 kronor, extending yesterday’s 2.3 percent gain. The company said it plans to sell its Gripen warplane in Asia and eastern Europe as Switzerland’s decision to delay a $1 billion order for the fighters threatens to reduce Saab’s production of the jet.

SEB AB (SEBA SS), the Swedish bank, fell 1.8 percent to 47.16 kronor, paring two days of gains. It was cut to “reduce” from “hold” at Danske Markets Equities.

Tieto Oyj (TIE1V FH) increased 2 percent to 13.77 euros, rising to its highest price since Aug. 10. The biggest Nordic provider of computer services will start a joint venture with I-Teco to offer data center services including cloud computing in Russia.

To contact the reporter on this story: Adam Ewing in Stockholm at aewing5@bloomberg.net

To contact the editor responsible for this story: David Merritt at dmerritt1@bloomberg.net.

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