Nordic Stocks: Arise Windpower, Dockwise, Flugger, Hennes & Mauritz Move
The Stoxx Nordic 30 Index, a measure for the region, dropped 92.62, or 1.4 percent to 6,539.18 at 1:03 p.m. in Stockholm, set to fall 2.5 percent this week.
The following companies’ shares were among the most active in Nordic markets today. Symbols are in parentheses.
Arise Windpower AB (AWP SS), the Swedish alternative energy company, jumped 2.6 percent to 48.2 kronor, erasing yesterday’s 2.1 percent fall. The company signed a loan agreement with Swedbank AB for the Kaapult project.
Danisco A/S (DCO DC) fell 1.6 percent to 437 kroner, paring yesterday’s 3 percent rise. The world’s biggest maker of food ingredients was downgraded to “outperform” at CA Cheuvreux.
Dockwise Ltd. (DOCK NO) rose 0.9 percent to 168 kroner, rebounding from yesterday’s 1.2 percent slide. The world’s biggest operator of ships that haul oil-rig parts and other heavy cargo received orders related to a float-over for CNOOC and to Wheatstone. Total revenue is expected to exceed $35 million.
Flugger A/S (FLUGB DC) increased 1.2 percent to 435 kroner, set for its first rise this week. The Danish home decorating material company reported a full-year net income of 94.2 million kroner ($15.5 million) and proposed a dividend of 12 kroner per share.
Hennes & Mauritz AB (HMB SS), Europe’s second largest clothing retailer, fell 2 percent to 222.8 kronor, its second loss. Second-quarter sales increased 2 percent from a year earlier to 27 billion kronor. Revenue was less than the 27.7 billion-kronor estimate of 22 analysts and sales growth lagged the 14 percent gain in first-quarter revenue reported by Spanish competitor Inditex SA, the world’s biggest clothing retailer.
Metro International S.A. (MTROSDBB SS) dropped 2.4 percent to 1.2 kronor, its fourth loss this week. The Swedish publisher of free newspapers said it will sell its operations in Greece to Voisins Limited.
Nokia Oyj (NOK1V FH) decreased 2 percent to 6.865 euros, set to close to its lowest level since 1998. The world’s biggest maker of mobile phones had its price estimate reduced to 6 euros from 7 euros at Berenberg Bank.