Stock exchange takes another nosedive

Trading on the Stockholm stock exchange took a nosedive on Wednesday morning, continuing a trend established in Asia earlier in the day. By 10am the OMXS index had fallen by 2.2 percent to 375.3 points, while the OMX Nordic index slipped back 2 percent to 1,196.6 points.

Concern over developments on Wall Street led to leading Asian stock exchanges shedding 2-3 percent of their value.

In Stockholm, the finance, energy and industry sectors have been hardest hit by Wednesday’s slump.

Swedbank and SEB’s shares each lost 3.4 percent of their value.

Mining companies Boliden and Lundin also had a tough morning, with each dropping over 3 percent.

The building industry also took a major hit. Skanska fell by 4 percent and JM shed 4.3 percent.

Clas Ohlson fell by 1.6 percent which, despite showing a 7 percent profit increase in an interim report presented on Wednesday morning.


Stockholm Pride is a little different this year: here’s what you need to know 

This week marks the beginning of Pride festivities in the Swedish capital. The tickets sold out immediately, for the partly in-person, partly digital events. 

Pride parade 2019
There won't be a Pride parade like the one in 2019 on the streets of Stockholm this year. Photo: Stina Stjernkvist/TT

You might have noticed rainbow flags popping up on major buildings in Stockholm, and on buses and trams. Sweden has more Pride festivals per capita than any other country and is the largest Pride celebration in the Nordic region, but the Stockholm event is by far the biggest.  

The Pride Parade, which usually attracts around 50,000 participants in a normal year, will be broadcast digitally from Södra Teatern on August 7th on Stockholm Pride’s website and social media. The two-hour broadcast will be led by tenor and debater Rickard Söderberg.

The two major venues of the festival are Pride House, located this year at the Clarion Hotel Stockholm at Skanstull in Södermalm, and Pride Stage, which is at Södra Teatern near Slussen.

“We are super happy with the layout and think it feels good for us as an organisation to slowly return to normal. There are so many who have longed for it,” chairperson of Stockholm Pride, Vix Herjeryd, told the Dagens Nyheter newspaper.

Tickets are required for all indoor events at Södra Teatern to limit the number of people indoors according to pandemic restrictions. But the entire stage programme will also be streamed on a big screen open air on Mosebacketerassen, which doesn’t require a ticket.  

You can read more about this year’s Pride programme on the Stockholm Pride website (in Swedish).