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.