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Nordic Stocks: Assa, Carlsberg, H&M, Marine Harvest, Metso

Jan. 13 (Bloomberg) -- The Stoxx Nordic 30 Index, the benchmark measure for the region, fell 1.2 percent to 7,721.50 at the 5:30 p.m. close in Stockholm, paring two days of gains.

The OMX Stockholm 30 Index was little changed and the OMX Helsinki 25 Index slipped 0.9 percent. Norway’s OBX Index decreased 0.6 percent. The Copenhagen 20 Index fell 1.7 percent.

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

Assa Abloy AB (ASSAB SS), the world’s largest lockmaker, dropped 2.2 percent to 189.2 kronor, a second day of losses. BofA Merrill Lynch Global Research cut its recommendation of the shares to “underperform” from “neutral.”

Carlsberg A/S (CARLB DC) fell 2.3 percent to 542 kroner, erasing yesterday’s gain. The biggest brewer in Russia had its price estimate cut to 543 kroner from 564 kroner at ING Groep NV.

Hennes & Mauritz AB (HMB SS), Europe’s second-largest clothing retailer, climbed 3.3 percent to 229.3 kronor, the biggest increase since Aug. 16. Svenska Handelsbanken AB said “finally a great entry point has emerged,” adding shares may rise 80 percent.

Marine Harvest ASA (MHG NO) increased 1.9 percent to 6.37 kroner, its third rise. The world’s largest salmon farmer raised its estimated harvest volume for 2011 to 340,000 tons.

Metso Oyj (MEO1V FH) fell 3.9 percent to 40.94 euros, paring two days of gains. The maker of papermaking equipment and rock crushers was cut to “neutral” from “buy” at BofA.

Venue Retail Group AB (VRGB SS) increased 7.7 percent to 0.56 krona, rising to its highest level since May of 2009. Venue Retail, which sells accessories, luggage and shoes through chain stores, said fiscal first-quarter net income rose to 17.7 million kronor ($2.6 million) from 0.4 million kronor a year earlier.

To contact the editor responsible for this story: David Merritt at

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