Why did SEB stock rise on 9 October?
Written after the close on
SEB +2.20%
SEB rose sharply in its last session. The CEO's surprise resignation, announced earlier this week for personal and family reasons, with deputy CEO Jonas Ahlström stepping in as acting chief, likely weighed on the shares, while the wider Stockholm market was roughly flat over the same stretch. The last session's sharp rise came with the whole market rising sharply, so it was a broad market move rather than anything SEB-specific. Watch the third-quarter report in late October, the first update under the interim leadership. A routine buy-back report was also published, but such reports do not move the shares.