Stockholm exchange experiences downturn

Share prices on the Stockholm stock exchange dropped on Tuesday morning following two days of recovery after last week's sharp falls.

Shortly before 10am the OMXS index was down 0.4 percent to 388.1, while the OMX Nordic 40 index was down 0.6 percent.

Most sectors shed value during early trading, with financial shares faring worst. The energy sector however emerged relatively unscathed.

Nordea, which fell back 1.0 percent to 217.5 kronor, contributed most to the morning slump. Monday’s winner Hennes & Mauritz dropped 0.9 percent to 387.5 kronor.

SEB bank and Telia Sonero also had their share prices dented, dropping 1.6 and 1.0 percent respectively.

Steel company SSAB went against the grain, rising by 1.7 percent to 206 kronor.

But Tuesday morning’s big winner was kitchen interiors company Bällingslöv, which saw its shares gain 7.7 percent in value to 239 kronor after the copany posted gains for the first half of the year.