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Nordic Stocks: ALK-Abello, DOF, Olvi, Ruukki, Seadrill Move

Feb. 24 (Bloomberg) -- The Dow Jones Nordic 30 Index, the benchmark measure for the region, extended three days of losses, slipping 2.96, or less than 0.1 percent, to 7,377.33 at the 5:30 p.m. close in Stockholm.

The OMX Stockholm 30 Index rose 0.4 percent, while the OMX Copenhagen 20 Index dropped 0.2 percent. The OMX Helsinki 25 Index slid 0.4 percent and Norway’s OBX Index increased 0.8 percent. The following companies are among the most active in Nordic markets today. Stock symbols are in parentheses.

Alm. Brand A/S (ALMB DC) added 1 percent to 10.50 kroner. The Danish financial company, which operates a bank and an insurer, said its 2010 net loss narrowed to 404 million kroner ($74.6 million) from 1.08 billion kroner in 2009. The average estimate in a Bloomberg survey of four analysts was a loss of 464 million kroner.

ALK-Abello A/S (ALKB DC) fell for a fourth day, losing 2.4 percent to 330 kroner. Danske Bank A/S lowered its recommendation on the world’s largest maker of immunotherapy treatments to “reduce” from “hold” and trimmed its price estimate to 315 kroner from 375 kroner.

DOF ASA (DOF NO) slumped 4.9 percent to 53.75 kroner, the largest decline in five months. The Norwegian owner of supply and specialty ships for the energy industry reported a fourth-quarter net loss of 119 million kroner ($21.2 million), compared with a year-earlier profit of 83 million kroner.

DSV A/S (DSV DC) rose 4.2 percent to 118 kroner, the most since Sept. 1, after the Nordic region’s biggest trucking company forecast 2011 sales that exceeded most analyst estimates. The Broendby, Denmark-based company said it expects 2011 revenue of 44 billion kroner to 47 billion kroner compared with an average estimate of 45.3 billion kroner from a Bloomberg survey of 18 analysts.

Olvi Oyj (OLVAS FH) gained 1.9 percent to 33.60 euros, snapping five days of losses. The Finnish brewer said fourth-quarter net income rose to 2.7 million euros ($3.7 million) from 2.5 million euros and proposed dividend of 1 euro per share for 2010.

Ruukki Group Oyj (RUG1V FH) slid 5.6 percent to 1.84 euros, the most since July. The Finnish minerals-processing company said its fourth-quarter net loss widened to 44.5 million euros from 9.7 million euros a year earlier.

Seadrill Ltd. (SDRL NO) gained 1.7 percent to 211.9 kroner. The owner of the world’s second-largest fleet of deepwater rigs said it expected to see “solid growth and strong financial results” in the first quarter and a tightening rig market until 2013. The company proposed a quarterly dividend of 67.5 cents a share and an extraordinary dividend payment of 20 cents.

To contact the reporters on this story: Kati Pohjanpalo in Helsinki at; Marianne Stigset at

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

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