Nordic Stocks: Danske, Elekta, EnQuest, Wartsila, Yara Move
The Stoxx Nordic 30 Index, the benchmark measure for the region, fell less than 0.1 percent to 7,334.64 at the 5 p.m. close in Stockholm, the first loss in seven days.
The following shares were among the most active in Nordic markets today. Symbols are in parentheses.
Danske Bank A/S (DANSKE DC), Denmark’s largest lender, fell 2.7 percent to 143.9 kroner, its fourth straight slide. The shares were cut to “hold” from “buy” at Nordea Bank AB.
Elekta AB (EKTAB SS) jumped 9.2 percent to 262.2 kronor, the biggest increase since February. The world’s second-largest maker of radiation-surgery equipment said fiscal second-quarter profit rose to 202 million kronor ($29.2 million), beating the 185 million-krona estimate average of seven analysts surveyed by Bloomberg.
EnQuest Plc (ENQ SS) retreated 1.9 percent to 15.5 kronor, the biggest fall in almost a month. The North Sea oil and gas driller whose shares are listed in both Stockholm and London was cut to “sector perform” from “outperform” at RBC Capital Markets.
Norsk Hydro ASA (NHY NO) rose 1 percent to 39.64 kroner, extending yesterday’s 2.2 percent rise. Europe’s third-largest maker of aluminum was initiated at “neutral” at Nomura Holdings Inc.
Wartsila Oyj (WRT1V FH) climbed 0.6 percent to 57.7 euros, its fifth straight increase. The Finnish maker of ship engines and power plants said it sees “clear signs of optimism in the market.”
Yara International ASA (YAR NO) climbed 1.7 percent to 321.5 kroner, paring yesterday’s 2.4 percent slump. Mergers and acquisitions may provide further positive catalyst for the largest publicly traded nitrogen-fertilizer maker, according to analysts at JPMorgan Chase & Co.
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