Nordic Stocks: Haldex, Jyske Bank, Nokia, Outotec, Vestjysk Bank
The Dow Jones Nordic 30 Index, a measure for the region, retreated for a second day, falling 8.85, or 0.1 percent, to 7,471.1 at the 5:30 p.m. close in Stockholm.
The following companies are among the most active in Nordic markets today. Stock symbols are in parentheses.
Haldex AB (HLDX SS) rose the most in four months, surging 5.4 percent to 97 kronor. The Swedish maker of car parts reported fourth-quarter net income of 51 million kronor ($8 million). Analysts had estimated net income of 47 million kronor, according to a survey compiled by Bloomberg.
IGE Resources AB (IGE NO) fell to its lowest level on record, sliding 23 percent to 0.1 krone. The gold mining company reported a fourth-quarter net loss of 312 million kronor as it wrote down the value of its diamond projects portfolio.
Jyske Bank A/S (JYSK DC) jumped 7.5 percent to 237 kroner, the biggest gain since May. Denmark’s second-largest lender reported fourth-quarter net income of 310 million kroner ($56.3 million), beating the median estimate of 295 million kroner in a Bloomberg survey of six analysts.
Nokia Oyj (NOK1V FH) decreased 2.3 percent to 6.48 euros, to reach its lowest level since Oct. 1998. The world’s biggest maker of mobile phones was downgraded to “sell” from “buy” at the Royal Bank of Scotland Group.
Outotec Oyj (OTE1V FH) fell 1.8 percent to 39.29 euros, dropping for a second day. The Finnish supplier of technology and engineering services was cut to “equal weight” from “overweight” at Morgan Stanley.
Vestjysk Bank A/S (VJBA DC) increased the most since October, jumping 7.7 percent to 63 kroner. The Danish regional bank, which operates in the western part of the country, said it expects core earnings before impairment and expenses will advance to 500 million kroner in 2011.
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