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Swedish Match Advances as Snus War Seen Ending: Stockholm Mover

Swedish Match AB rose to its highest level in more than six months in Stockholm trading after Nordea Bank AB said the Swedish price war on snus will probably end and advised clients to buy the shares.

The stock advanced as much as 5.7 kronor, or 2.3 percent, to 249.7 kronor, its highest intraday level since Oct. 29 last year. It traded 0.6 percent higher at 245.5 kronor as of 12:01 p.m. local time, with trading volume at about 58 percent of the daily average in the past three months.