Thu, 21 Oct 1999: Stock markets: weekly report (October 8 - 15)…



Suprema broker Sten Sumberg said the market was supported at the beginning of the week by news about the sale of a stake in Norma to Sweden's Autoliv. He added, however, that the news had only a partial effect as the details of the deal were not revealed and nobody knew how highly the buyer valued Norma. Norma rose 7.12 percent to finish the week at 34.60 kroons ($2.36), recovering half of the losses it suffered the week before. Skandinaviska Enskilda Banken announced in the middle of the week that it had acquired a more than 50 percent holding in Uhispank. Sumberg said this did not change anybody's opinion of Uhispank because it has been clear for some time SEB has been buying up Uhispank's shares on the open market. Uhispank plunged 5.60 ... Read the rest of this entry »

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