Nordic Stocks: DnB NOR, Elisa, Nokia, Novozymes, SSAB Move
The Dow Jones Nordic 30 Index, the benchmark measure for the region, increased 0.1 percent to 7,586.82 at the 5:30 p.m. close in Stockholm, paring the 0.9 percent loss yesterday and gaining 0.2 percent in the week.
The following shares were among the most active in Nordic markets today. Symbols are in parentheses.
DnB NOR ASA (DNBNOR NO) rose 4.5 percent to 85.30 kroner, extending yesterday’s increase. Norway’s largest bank was raised to “buy” from “hold” at Pareto Securities ASA.
Elisa Oyj (ELI1V FH) climbed 3.9 percent to 16.81 euros, its second straight advance. The Finnish telephone company reported fourth-quarter net income of 51.4 million euros ($69.5 million), beating the 46.2 million-euro mean estimate of 14 analysts surveyed by Bloomberg.
Nokia Oyj (NOK1V FH) plummeted 14 percent to 7 euros, the biggest drop since July 2009. The world’s biggest maker of mobile phones announced that it will use Microsoft’s Windows Phone as its primary software platform -- a sign of the depth of the challenge in taking on Apple’s iOS and Google’s Android.
Novozymes A/S (NZYMB DC) increased 1.6 percent to 764 kroner, erasing yesterday’s slide. The world’s largest maker of industrial enzymes said it has started to buy back as much as 400 million kroner ($72.6 million) of “B” shares.
SSAB AB (SSABA SS) fell 2.4 percent to 103.30 kronor, its third consecutive slide. The world’s largest supplier of high- tensile steel reported a fourth-quarter loss before taxes of 176 million kronor, compared with a pretax profit of 348 million kronor a year earlier.
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