Record gains on Stockholm exchange
TT/The Local · 13 Oct 2008, 18:18
Published: 13 Oct 2008 18:18 GMT+02:00
- Stockholm exchange down sharply (10 Oct 08)
- Exchange plummets in early trading (08 Oct 08)
- Worst day of trading since 9/11 (06 Oct 08)
Monday's market performance represented the third highest increase on the Stockholm bourse since 1987 and the largest so far this decade.
An EU-wide stabilization package at the weekend is being seen as the driving force behind Monday's recovery, which was replicated in markets across the Union.
The country's beleaguered bank stocks made a much needed recovery as the OMXS index climbed to 214.1 points.
SEB led the charge (+12.8 percent), closely followed by Swedbank (+11.3 percent), Handelsbanken (+7.4) and Nordea (+5.7).
Wallenberg family jewel Investor was also one of the day's big winners, up 14.6 percent to 111.75 kronor.