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Nordic Stocks: DNO, Ericsson, Nordea, Stonesoft, Yara Move

Oct. 4 (Bloomberg) -- The Stoxx Nordic 30 Index, the benchmark measure for the region, slipped 1.4 percent to 6,796.73 at the 5:30 p.m. close in Stockholm, the measure’s second straight loss.

The OMX Stockholm 30 Index fell 1.3 percent, while the Copenhagen 20 Index decreased 0.9 percent. The OMX Helsinki 25 Index slipped 0.8 percent and Norway’s OBX Index declined 0.6 percent.

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

DNO International ASA (DNO NO) climbed 1 percent to 9.03 kroner. The oil company signed a memorandum of understanding that gives it exclusive rights to negotiate a production-sharing agreement for Block 48 in Yemen.

Ericsson AB (ERICB SS) slumped 2 percent to 72.85 kronor, paring three days of gains. The world’s biggest maker of mobile-phone networks says it declined to bid for the $451 million BSNL contract in India, the Wall Street Journal reported.

Nordea Bank AB (NDA SS), the Nordic region’s largest bank, was cut to “underweight” from “neutral” by JPMorgan Chase & Co. Its shares fell 1.7 percent to 69.60 kronor, paring two days of gains.

Saab AB (SAABB SS) jumped 4.8 percent to 99.55 kronor. The Swedish maker of the Gripen fighter received a 4.5 billion-kronor ($663.67 million) order for an airborne surveillance system.

Stonesoft Oyj (SFT1V FH) surged 14 percent to 66 euro cents, climbing the most since July. The maker of computer software security products said it expects new business opportunities to have a “positive effect” on its net sales and profitability.

Yara International ASA (YAR NO) slumped 4.2 percent to 256.60 kroner, falling the most since June 29. The largest publicly traded nitrogen-fertilizer maker was cut to “neutral” from “buy” at UBS AG.

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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