Why did Industrivärden rise on 6 October?
Written after the close on
Industrivärden +0.89% · OMX Stockholm 30 +0.99%
Industrivärden rose clearly, tracking the market. Over the last five trading days Industrivärden fell clearly while the OMX Stockholm 30 was roughly unchanged, so it moved against a flat market. The most likely driver of the weekly decline is the broad weakness in Nordic investment companies, a sector where the share price mainly follows the value of the listed holdings; a fund manager calling Industrivärden and Investor core holdings is a supportive signal but not a cause of the fall. The next earnings report is due tomorrow, which is what to watch next.