|
Authorization
Lost user data?
|
||||||||||||||||||||||||||||||
|
Indices: / OMXR 0.00% / OMXV 0.00% / OMXT 0.00% / OMXS30 0.00% / OMXH25 0.00% / MICEX 0.00% Stocks: VTBR 0.00% / OMXV 0.00% / OMXR 0.00% / EEH1T 0.00% / GAZP 0.00% / VTBR 0.00% / OMXV 0.00% / OMXR 0.00% / EEH1T 0.00% / GAZP 0.00% Porfolios: StraterS 0.00% / koncik 0.00% / Laime 0.00% / Life 0.00% / RIX 0.00%
Stockholm Stock Market Overview (OMX) 19/03/2007 – 23/03/2007
The events took place during week 12 made it a kind of second boom on Stockholm Stock Exchange after the recovery from Asian stock crisis. The data form two main indexes couldn’t say more about it showing +4.70% to OMX Stockholm 30 (OMXS30) index and +4.75% to OMX Stockholm Benchmark (OMXSB), comparing to around 2% decrease in them last week. In this overview we will focus on three movers of Stockholm Stock Exchange this week, who managed to get more than 7-8% to its starting share price. They were Hennes & Mauritz B (HM B), Skanska B (SKA B) and Scania B (SCV B).
Hennes & Mauritz B (HM B) this week got +8.47% jump in its share price and closed week up at €44.76 per share because of Madonna’s fashion line success. The American pop-star co-designed the new collection with Hennes & Mauritz B designers and signed a deal to sell the collection in its stores. The Stockholm-based company owns more than 1,300 stores in 24 countries and made Madonna’s collection be available over the world. The following info brought interest in company’s shares since total sales of the famous star’s collection will be recorded in Quarter 1 2007 profit reports. That’s why the share price instantly jumped till the end of the week, however, might not have a long effect if it will not be supported by other economic activities by Hennes and Mauritz.
The most successful mover in Stockholm Stock Exchange was Skanska B (SKA B) with 8.99% increase in its share price, which is high by all standards. Such a prompt move was brought by winning two major orders from the California Department of Transportation. The first one is worth 6 million to construct the first phase of new subway line in New York, and the second one is worth 3 million to widen the State Route 60 highway in California. The revenues of the orders will be included in order bookings for the first quarter of 2007, which increased interest in Skanska B shares, hence, its price level. Again that effect is not strong enough to last for a month or so, but since it happened on Thursday (22/03/07) it still could have some positive effect during next week.
The performance of Scania B (SCV B) during week 12 was also quite good, which started the week at €54.44 and finished at €58.31 per share. This could be caused by winning 144 truck order from Russian grocer retail company. Unfortunately for shareholders no financial details were disclosed. That probably could have weakened the effects of such an important order. The company themselves agrees that it signifies that we are strengthening Scania’s position in the quickly developing Russian market. Anyway the impact on the share price might be even more significant in the nearest future, when the financial data about the order would be announced.
By Dmitro Golubnichy
|
|||||||||||||||||||||||||||||
