Maersk, Carlsberg, Norsk Hydro, Sandvik: Nordic Equity Preview
The following companies may have unusual price changes in Nordic trading. Stock symbols are in parentheses and share prices are from the previous close.
The Stoxx Nordic 30 Index, the benchmark measure for the region, advanced 0.4 percent to 7,815.83, the highest level since May 2008.
A.P. Moeller-Maersk A/S (MAERSKB DC): Chief Executive Officer Nils Smedegaard Andersen said he expects global economic growth to be “long-term” and that his container business will grow two to three times the pace of the world’s production, Copenhagen-based newspaper Borsen quoted him as saying. The shares rose 1.6 percent to 52,310 kroner.
Carlsberg A/S (CARLB DC): The biggest brewer in Russia had its price estimated cut to 543 kroner from 564 kroner at ING Groep NV. The shares increased 0.5 percent to 555 kroner.
Christian Hansen Holding A/S (CHR DC): Financiere Star 1 is selling 20 million shares in the Danish maker of food ingredients food-ingredient company that held an initial public offering last year. The shares retreated 0.1 percent to 120 kroner.
Marine Harvest ASA (MHG NO): The world’s largest salmon farmer raised its estimated harvest volume for 2011 to 340,000 tons. The shares climbed 2.1 percent to 6.25 kroner.
Nokia Oyj (NOK1V FH): Nokia Siemens Networks the world’s second-largest maker of wireless phone systems, plans to hire 800 more people in the southern Indian city of Chennai by the end of 2011, Armando Almeida, head of global services, said today. The shares rose 1.7 percent to 8.23 euros.
Norsk Hydro ASA (NHY NO): Europe’s third-largest maker of aluminum said today it expects a further growth “in the range” of 7 percent this year, after a 19 percent growth in primary aluminum demand in the world outside China last year. The shares rose 0.8 percent to 44.66 kroner.
Sandvik AB (SAND SS): The world’s largest maker of metal- cutting tools was raised to “neutral” at BofA Merrill Lynch Global Research. The shares slipped 0.7 percent to 133.7 kronor.
TeliaSonera AB (TLSN SS): The Swedish phone company “will seriously look at” Polkomtel SA, Poland’s largest mobile-phone company, spokeswoman Cecilia Edstroem said by phone. The shares slipped 0.6 percent to 53.8 kronor.
To contact the editor responsible for this story: David Merritt at email@example.com.