Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Nordic Stocks: DSV, Lundin Petroleum, Neste Oil, Sandvik, SSAB

Oct. 29 (Bloomberg) -- The Stoxx Nordic 30 Index, the benchmark measure for the region, retreated 0.2 percent to 6,989.37 at the 5:30 p.m. close in Stockholm, bringing this week’s decline to 1.5 percent. The gauge has advanced 0.8 percent in October.

The OMX Stockholm 30 Index fell 0.2 percent, while Norway’s OBX Index climbed 0.5 percent. OMX Helsinki 25 Index slid 0.9 percent and Denmark’s Copenhagen 20 Index dropped 0.4 percent.

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

DSV A/S (DSV DC) tumbled 2.3 percent to 109.8 kroner, extending yesterday’s 2.3 percent drop. The Nordic region’s biggest trucking company reported third-quarter net income of 319 million kroner ($59 million), missing the 356 million-krone average estimate in a Bloomberg survey of nine analysts.

Lundin Petroleum AB (LUPE SS), Sweden’s largest oil explorer, jumped 3.4 percent to 63.2 kronor, erasing yesterday’s 3.3 percent fall. Lundin increased its reserves estimate for the Norwegian Luno field to 149 million barrels of oil equivalent after taking into account an appraisal well completed this year.

Neste Oil Oyj (NES1V FH) advanced 2.6 percent to 11.92 euros, its second straight gain. Finland’s only oil refiner reported third-quarter net income of 109 million euros ($151 million), more than the 41.2 million-euro average estimate of five analysts in a Bloomberg survey.

Sandvik AB (SAND SS) tumbled 4.3 percent to 100.7 kronor, the biggest fall since July. The world’s largest maker of metal-cutting tools reported third-quarter net income of 1.58 billion kronor ($233 million), missing the 1.72 billion-krona average estimate in a Bloomberg survey of analysts.

SSAB AB (SSABA SS) slipped 3.5 percent to 93.65 kronor, its fourth straight decline. Sweden’s largest steelmaker was cut to “sell” from “hold” at Deutsche Bank 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.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.