STOCKHOLM (AFX) - Shares were marginally lower in late morning trade pressured by lead telecom stocks after France's Alcatel-Lucent warned its full year sales will be lower than last year, but with Skanska supporting the index on dividend hopes, brokers said.
At 11.10 am, the OMX Stockholm index was down 0.06 pct at 385.54 points, and the OMX Stockholm 30 down 0.14 pct at 1,179.70. Turnover was 12.674 bln skr.
Ericsson B was down 0.88 pct at 28.25 skr, and Nokia down 1.65 pct at 137.40.
Among the telecom operators, TeliaSonera was down 0.43 pct at 57.25, and Tele2 B down 0.24 pct at 102.75.
Alcatel said its fourth quarter sales will fall 12 pct from a year earlier to around 3.87 bln eur, while its full year sales will by fall by 33 pct to 12.3 bln eur.
Construction giant Skanska B was up 1.04 pct at 145.75 skr, on rumours in the Swedish media it will pay a ordinary dividend of 5 skr and an extra dividend of 3 skr.
NCC B was flat at 197. The company said the German building market is now picking up after 10 years in the doldrums.
Engineering stocks were also lending some support to the market, with Atlas Copco A up 0.67 pct at 224.50, SKF B up 0.39 pct at 128.25, and Assa Abloy B up 1.50 pct at 152.
SCA B was down 0.26 pct at 378. Carnegie said SCA was an obvious candidate to Georgia-Pacific's European tissue business but the 3 bln usd price tag was too high. Georgia-Pacific said it has now shelved plans to sell the business.
OMX was down 1.25 pct at 137.75 after the company has lost out to Swedish IT company Cinnobar to provide a trading platform to Boat, the consortium of global investment banks that will challenge established stock exchanges in Europe from November 2007.
'The loss is double as the consortium will also compete against OMX and currently represent 25 pct of the OMX (stock exchange) turnover,' said Carnegie.
Among other leading shares traded, Hennes & Mauritz B was up 0.15 pct at 344, Electrolux B down 0.80 pct at 123.25, Volvo B up 0.71 pct at 497.50, and Boliden up 0.63 pct at 158.50. simon.richardson@thomson.com sjr/jfr COPYRIGHT Copyright AFX News Limited 2006. All rights reserved. The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News. AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
At 11.10 am, the OMX Stockholm index was down 0.06 pct at 385.54 points, and the OMX Stockholm 30 down 0.14 pct at 1,179.70. Turnover was 12.674 bln skr.
Ericsson B was down 0.88 pct at 28.25 skr, and Nokia down 1.65 pct at 137.40.
Among the telecom operators, TeliaSonera was down 0.43 pct at 57.25, and Tele2 B down 0.24 pct at 102.75.
Alcatel said its fourth quarter sales will fall 12 pct from a year earlier to around 3.87 bln eur, while its full year sales will by fall by 33 pct to 12.3 bln eur.
Construction giant Skanska B was up 1.04 pct at 145.75 skr, on rumours in the Swedish media it will pay a ordinary dividend of 5 skr and an extra dividend of 3 skr.
NCC B was flat at 197. The company said the German building market is now picking up after 10 years in the doldrums.
Engineering stocks were also lending some support to the market, with Atlas Copco A up 0.67 pct at 224.50, SKF B up 0.39 pct at 128.25, and Assa Abloy B up 1.50 pct at 152.
SCA B was down 0.26 pct at 378. Carnegie said SCA was an obvious candidate to Georgia-Pacific's European tissue business but the 3 bln usd price tag was too high. Georgia-Pacific said it has now shelved plans to sell the business.
OMX was down 1.25 pct at 137.75 after the company has lost out to Swedish IT company Cinnobar to provide a trading platform to Boat, the consortium of global investment banks that will challenge established stock exchanges in Europe from November 2007.
'The loss is double as the consortium will also compete against OMX and currently represent 25 pct of the OMX (stock exchange) turnover,' said Carnegie.
Among other leading shares traded, Hennes & Mauritz B was up 0.15 pct at 344, Electrolux B down 0.80 pct at 123.25, Volvo B up 0.71 pct at 497.50, and Boliden up 0.63 pct at 158.50. simon.richardson@thomson.com sjr/jfr COPYRIGHT Copyright AFX News Limited 2006. All rights reserved. The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News. AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
© 2007 AFX News
