Buoyant start to stock exchange week

The Stockholm stock exchange has begun the week on a high note with the OMXS index gaining 4.6 percent on Monday.

All sectors finished the day better off than they had begun, as the index closed on 210.5 points.

Biotech firm Q-Med was the day’s big winner, with shares up 20 percent after a bid was made on the company by main owner Bengt Ågerup and risk capital firm EQT.

Stenbeck family-owned mobile phone operator Millicon also had a rousing start to November, as shares in the firm jumped 17.1 percent to 329 kronor.

Shares in Scandinavian airline SAS rose 5.5 percent to 42.10 kronor ahead of the company’s quarterly report on Wednesday.

And retail clothing giant H&M climbed 5.1 percent to 290 kronor despite last week’s reports of falling clothing sales in Germany.