Stockholm Stock Exchange Weekly Review: Clas Ohlson Surges While Rusta Dips

In the latest weekly trading on the Stockholm stock exchange, the OMXS30 index recorded a modest increase of 0.3%, reflecting a total rise of 6.1% since the year's start. Notably, Clas Ohlson's shares rallied by 2.20%, buoyed by robust first-quarter results that have driven its stock up 86% this year and nearly 400% over three years. Meanwhile, Rusta faced a notable decline, with shares plummeting over 9% following disappointing quarterly earnings impacted by a weak Finnish market and currency fluctuations.

The construction company NCC saw a significant boost as its shares surged over 15%, stimulated by Handelsbanken’s decision to elevate its price target from 220 to 250 kronor, closing at 225.60 kronor on Friday. On the flip side, Hexatronic's stock tumbled more than 10% despite an initial jump of over 6% after announcing a cost-saving strategy. This decline reflects a staggering 44% drop in share value since the beginning of the year.