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Indices: / OMXR 1.07% / OMXV 0.98% / OMXT -2.15% / OMXS30 -3.42% / OMXH25 -3.62% / MICEX -3.14% Stocks: ALT1L -14.29% / SAF1R -11.90% / RSU1L -11.11% / NDA1V -10.93% / ARC1T -10.00% / EWY 18.79% / TUR 17.49% / FXI 15.60% / SLX 14.73% / RST1L 14.63% Porfolios: fanfan 10.78% / A3 9.82% / Gold lump 8.54% / ETFs 8.26% / Quantum Fund 8.21%
Stockholm Stock Market Overview (OMX) 5/02/2007 – 9/02/2007
This week was quieter than the last one, which can be easily recognized from the slight increase in OMX Stockholm Index (OMXS30) only by 1.18% this week. However, there were lots of new events happened in the Stock Market, which made possible for companies to end week 6 with a positive balance. In addition, OMX Stockholm Benchmark (OMXSB), which is attractive comparative index for investors, rose by 1.10%. From the “winners” of the week we will consider Alfa Laval (ALFA), which had a 13.07% increase in its share price, Volvo B (VOLV B) and Swedbank A (SWED A).
A surprise of week 6 is Alfa Laval (ALFA), whose share price rocketed to €40.85 (+13.07% comparing with the week 5 data), although this company has not been included in the 30 most actively traded stock of the week for more than half year. Such a jump is explained by the regular report of year 2006 and its Quarter 4, but not with regular data shown: Q4 net profit jumped by 58%, the operation margin reached the record of 16.9%, which is sharply above analysts’ forecasts. Moreover, Alfa Laval proposed a full-year dividend €6.25 per share up from €5.10 in the last year. Such unexpected rise was caused mainly by increase of sales in North America region (+90%) and in Asia (+56%). Due to these facts the share price of Alfa Laval could still go up in the nearest future.
More stable situation is with Volvo B (VOLV B), whose share price is growing steadily already from the 14th of January, +4.87% in week 6 and +12.55% from January 2007. However, it looks like this week brought a new Volvo B deal that will positively affect the share price. Closely to the end of week 6, on 08/02/07 Volvo B renewed a long-term global contract with Michelin, one of the world’s biggest tires manufacturing company. Michelin tires are highly appreciated by Volvo B customers; therefore, the renewal of the contract might keep the present level of sales or even increase its level, hence, it could increase the share price of the company.
Swedbank A (SWED A) share rose by 4.53% during week 6, which is not typical for banking industry to have such an energetic increase in the share price. The reason for that is Swedbank A decision of acquisition of Ukrainian TAS-Kommerzbank, based in Kiev, on January 7 for 5 million in a move to expand its operation in the Eastern Europe. TAS has 170 branches and 2300 staff; moreover, at the end of 2006 it recorded a profit of million and total assets of #dynamic#.14 billion. Swedbank A, a market leader in the Baltic countries trough its Hansabank unit, said it’ll use its Hansabank experience to drive the expansion in Ukraine. Since the company invests in assets for its future development, it should increase the share price of Swedbank A in a two week time.
By Dmitro Golubnichy
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