Why did Sampo stock rise on 9 October?
Written after the close on
Sampo +1.08%
Sampo rose clearly in the last session, likely helped by Goldman Sachs keeping its Buy rating and OP Corporate Bank raising it to buy.
Over the last five trading days Sampo fell slightly while the OMX Stockholm 30 was roughly unchanged, so the weekly dip was company-specific.
The likely driver was a EUR 118 million impairment booked before the third-quarter results, which weighed on sentiment.
Watch the early-November earnings report for how that charge and the underlying insurance business develop.
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