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Stockholm shares slightly higher midmorning led by Ericsson, miners.

Europe Intelligence Wire

| October 20, 2006 | COPYRIGHT 2003 Financial Times Ltd. (Hide copyright information)Copyright

(From AFX Europe (Focus))

STOCKHOLM (AFX) - Shares were slightly higher in early morning trade, led by Ericsson on follow through buying in the wake of its third quarter results yesterday, with Saab also outperforming on its results today, and the miners up on higher metal prices, brokers said.

At 10.20 am, the OMX Stockholm index was up 0.61 pct at 352.05 and the OMX Stockholm 30 up 0.69 pct at 1,097.45.

Ericsson B was up 1.67 pct at 27.45 skr bid, and Nokia up 0.57 pct at 146.70.

Swedish media were mainly positive to Ericsson's results focusing on chief executive Carl-Henric Svanberg's promise of higher sales next year. Analysts however …

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