Why did EQT rise on 6 October?
Written after the close on
EQT +1.76% · OMX Stockholm 30 +0.99%
EQT rose clearly as the wider Stockholm market also gained. Over the last five trading days EQT rose slightly while the OMX Stockholm 30 was roughly unchanged, so it outpaced a flat market. The main company-specific item was the completion of the combination with Coller Capital, which added a large block of new shares and votes, a step that can weigh on the price even as it expands the firm; the invitation to next week's third-quarter report likely kept attention on the upcoming numbers. Private-equity firms like EQT earn fees on the assets they manage and on the performance of their funds, so sentiment toward dealmaking and fundraising usually drives the shares. Watch the third-quarter report next week for fee-earning assets under management and fund performance.