Peace fears caused Saab’s stock to fall

Saab’s chairman Marcus Wallenberg.

Published 7 November 2024 at 07:53

Domestic. One of the losers from Donald Trump’s election victory was the Wallenberg family’s arms manufacturer Saab – whose share fell by 1.8 percent on Wednesday.

According to analysts, the loss can be linked to increased concerns about peace in Ukraine due to Trump’s victory.

“It’s probably about the market pricing in a higher probability of an end to the Ukraine war in the near term,” writes Henric Hintze, analyst at ABG Sundal Collier, in an email to Dagens Industri.

Donald Trump had as an election promise that, if he was elected president, even before he was sworn in, he would arrange peace in Ukraine. He claims to have a ready-made plan to achieve this.

Fria Tider recently reported that Saab’s shareholders have increased very sharply, to 600,000 unique owners, in connection with the fact that more and more middle-class Swedes have seen their chance to get rich from the war.

Source: www.friatider.se