Why did ASSA ABLOY rise on 6 October?
Written after the close on
ASSA ABLOY +0.26% · OMX Stockholm 30 +0.99%
ASSA ABLOY rose slightly as it set its Q3 report date. Over the last five trading days ASSA ABLOY fell slightly, while the OMX Stockholm 30 index — the Stockholm market's main gauge of its largest shares — was roughly unchanged, so the shares moved on their own rather than with the market. The likely driver is the announcement that the third-quarter report will come on 27 October, which puts the results and the outlook in focus; a separate mention of the company alongside large Swedish banks and industrial firms in a cash-flow comparison is unlikely to have mattered much. Watch the late-October report, when management presents the quarter and takes questions.
Next report: · Add to calendar · Google Calendar