Stockholm Stock Exchange falls following European market trends

The Stockholm Stock Exchange opened the week with declines, following broader trends across European markets. The OMXS30 index fell 1.03 percent to 3,262.78 during morning trading, with the real estate sector leading losses at 1.3 percent. Energy stocks were a notable exception, rising 1.0 percent.

Catena Media saw a significant drop in its share price, falling 19 percent, after reporting a preliminary 29 percent decline in third-quarter revenue to 8.3 million euros. The company also announced a write-down of intangible assets valued between 30 and 35 million euros and abandoned its full-year growth targets.

In contrast, Truecaller shares rose 3.0 percent following mixed third-quarter results that showed a 3 percent increase in revenue in constant currencies and positive news regarding an Indian tax dispute. Other notable movements included Coffee Stain rising 4.6 percent and Minesto surging 100 percent. Assa Abloy shares fell 0.9 percent following the sale of HID’s PKI business unit to Vista Equity Partners.