Swedish stocks: Seen opening lower

SkiStar AB

01/04/2020 07:57

** Swedish shares seen opening lower on Wednesday. 
    ** Steelmaker SSAB  SSAB.ST  implements several short-term measures to
mitigate the effects of Covid-19, with total annualized savings seen exceeding 1
billion Swedish crowns. ($100 million)
    ** Mekonomen  MEKO.ST  expects the virus pandemic to lead to a material
negative impact in the trading environment for the rest of the year. 
    "While the company believes that at this time it has adequate
liquidity, as a result of the fast-changing environment, the company has been
evaluating its liquidity and bank covenants," it said in a statement. 
    ** Skistar  SKISb.ST  will close its Swedish ski resorts for the season from
April 6, the company said in a statement. The decision will have a negative
effect on its full-year result, but the magnitude has not yet been analyzed, the
company said.  urn:newsml:reuters.com:*:nFWN2BO1MP
    ** Nyfosa  NYFO.ST  has decided to postpone a planned acquisition of
property portfolios from SBB  SBBb.ST  until further notice due to changes in
market conditions, Nyfosa said in a statement.  urn:newsml:reuters.com:*:nWkrc83VPM  
    ** Nordea  NDASE.ST   NDAFI.HE  said late on Tuesday its board had decided
to postpone a decision on a dividend distribution due to the coronavirus
pandemic and the related recommendation from the European Central Bank (ECB).
 urn:newsml:reuters.com:*:nNDL1mYrc9 urn:newsml:reuters.com:*:nL8N2BO8D7
    ** Hexagon's  HEXAb.ST  board said it decided to propose a postponement of
the 2019 dividend decision due to the coronavirus "until the impact of the
pandemic is clearer and market conditions have stabilised".  urn:newsml:reuters.com:*:nWkr63kWnL
        
 IG pre-market trading Stockholm OMXS30                     -2.9 pct
 Stoxx Europe 50 future                   STXEc1            -4.0 pct 
 MSCI index Asia Pacific ex Japan         .MIAPJ0000PUS     -1.3 pct 
 S&P 500 close previous trading day       .SPX              -1.6 pct 
 
    
    For European stock market report:  .EU 
    For global market roundup.  MKTS/GLOB 
    
($1 = 9.9979 Swedish crowns)

 (RM: johannes.hellstrom.thomsonreuters.com@reuters.net)