Stockholm exchange recovers after early blip

Share prices recovered on the Stockholm stock exchange following an initial downturn on Tuesday morning.

By 10.30am the OMXS index was up 0.4 percent to 376.6.

The telecoms industry started slowest and was the only sector not to show gains. Industry giant Ericsson however rose 0.1 percent to 26.08 kronor.

Property company Kungsleden, which announced a major deal in Härnösand on Tuesday morning, jumped 2.7 percent to 75.75 kronor.

The morning’s highest climber however was IT company Tilgin, up 9.5 percent.

The sharpest downturn was experienced by technology firm Switchcore, which shed 7.7 percent of its market value in early trading.