Nordic Stocks: Alm. Brand, Golden Ocean, Investor, Metso, SKF Are Active
The Stoxx Nordic 30 Index, the benchmark measure for the region, rose 1.6 percent to 6,384.02 at the 5:30 p.m. close in Stockholm, paring two days of losses.
The following companies’ shares were among the most active in Nordic markets today. Symbols are in parentheses.
Alm. Brand A/S (ALMB DC) jumped 9.2 percent to 59.5 kroner, the biggest gain in three months. The Danish investment holding company raised its full-year profit estimate to 200 million kroner ($34.2 million) from 20 million kroner previously.
Golden Ocean Group Ltd. (GOGL NO) fell for a fourth day, losing 2.6 percent to 7.91 kroner. Norwegian billionaire John Fredriksen’s commodities shipping line reported second-quarter net income of $26.9 million, down from $101.3 million a year earlier.
Investor AB (INVEB SS) gained 1.3 percent to 128 kronor, paring six days of losses. The Wallenberg family’s publicly traded holding company agreed to buy 34 percent of Moelnlycke Health Care AB from Morgan Stanley Principal Investments and affiliates for 510 million euros ($648 million).
Metso Oyj (MEO1V FH) rose 3.3 percent to 28.54 euros, paring two days of declines. The world’s biggest maker of rock crushers said Matti Kaehkoenen will become chief executive officer when Jorma Eloranta steps down next year.
Royal Unibrew A/S (RBREW DC) rose the most in nine months, jumping 12 percent to 207 kroner. The Nordic region’s second- largest brewer lifted its full-year profit and sales forecasts.
SKF AB (SKFB SS) rose 2.2 percent to 132.5 kronor, extending yesterday’s 0.3 percent gain. The third-quarter outlook that the world’s largest maker of bearings gave in July remains, Swedish news agency Direkt said, citing SKF’s Marita Bjoerk, head of investor relations.
Topdanmark A/S (TOP DC) jumped 4.9 percent to 674 kroner, ending a record 12-day losing streak. Denmark’s second-largest non-life insurer was raised to “buy” from “sell” at ABG Sundal Collier.