Nordic Stocks: Det Norske, Loomis, Sevan, Eitzen Maritime Services Move
The Stoxx Nordic 30 Index, the benchmark measure for the region, fell 0.7 percent to 7,031.06 at 2:57 p.m. in Stockholm, paring yesterday’s gain.
Norway’s OBX Index lost 0.2 percent. The OMX Helsinki 25 Index retreated 0.2 percent, while Denmark’s Copenhagen 20 Index was unchanged. The Swedish market closed 1 p.m. local time today for a public holiday with a 1 percent loss for the OMX Stockholm 30 Index.
The following companies’ shares were among the most active in Nordic markets today. Symbols are in parentheses.
Det Norske Oljeselskap ASA (DETNOR NO) tumbled 4.2 percent to 25.10 kroner, the biggest drop since Aug. 11. The oil and gas explorer reported a third-quarter net loss of 80.1 million kroner ($13.9 million).
Eitzen Maritime Services ASA (EMS NO) surged the most since March, soaring 38 percent to 1.13 kroner. The Norwegian supplier of services for the shipping industry won a $100 million order from the navy of an unnamed European member of NATO.
HKScan Oyj (HKSAV FH) rose for a third day in four, gaining 1.5 percent to 7.37 euros. The Finnish meat company reported an increase in third-quarter net income and reaffirmed its full- year earnings predictions.
Loomis AB (LOOMB SS) climbed 4.2 percent to 86.75 kroner, the highest price in six months. The armored car unit spun off from Securitas AB said profit after tax in the third quarter was 157 million kronor compared with 142 million kronor ($21.5 million) a year earlier. The average estimate of seven analysts surveyed by Bloomberg was for profit of 146.1 million kronor.
Norwegian Air Shuttle AS (NAS NO) rose for a third day, gaining 6.1 percent to 95.25 kroner. The Norwegian discount carrier said October passenger traffic climbed 21 percent compared with the same month last year.
Sevan Marine ASA (SEVAN NO) fell 8.2 percent to 6.92 kroner, the biggest decline since Aug. 18. The maker of offshore oil and gas equipment’s Sevan Driller rig had a malfunction with its blow-out preventer. which started on Nov. 2. The company will work the supplier of the blow-out preventer, Cameron International Corp., to fix the problem.
Stora Enso Oyj (STERV FH) fell 1.6 percent to 7.30 euros, paring four days of gains. Europe’s largest papermaker will exercise its right to redeem its $421 million bond maturing in May 2011. The redemption will take place on Dec. 9, the company said.
Vaisala Oyj (VAIAS FH) lost the most since June 23, sinking 3.6 percent to 21.20 euros. The world’s biggest maker of electronic humidity measurement devices lowered its full-year forecast.
To contact the editor responsible for this story: David Merritt at email@example.com