Ticket fuels stock exchange surge

The Stockholm Stock Exchange's recent recovery gained fresh momentum on Monday with the OMXS index up 1.8 percent at the close of the day.

Shares in the Ticket travel agency chain jumped by 5.6 percent on news that Malmö Aviation owner Pehr G Braathen had bought 29.3 percent of the company’s shares from bankrupted Icelandic firm Fons.

It was also a good day for Sweden’s major banks, with Swedbank climbing by 8 percent, SEB by 3.5 percent, Nordea by 2 percent and Handelsbanken by 2.4 percent.

The day had started bleakly, with stocks down in morning trading. But share prices picked up in the afternoon and the OMXS index finished the day on 243.9 points.


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