WEEKLY UPDATE - Stocks in Stockholm closed flat Friday after dull US job data and raised hopes on more economic stimulus.

Stocks in Sweden traded flat on Friday after data showing the US shed more jobs than expected in September raised hopes for new government stimulus to prop up the economy and Swedish industry data indicated a slowdown in activity.

The OMX Stockholm 30 closed down 0.03 percent. Compared to a week ago the index was down 0.20 percent. The OMX Nordic 40 closed down 0.29 percent, with Copehagen falling 0.29 percent and Helsinki gaining 0.28 percent.

Swedish industrial production decreased by 4.0 percent in seasonally adjusted figures in August compared to July while new orders decreased by 5.8 percent, the statistics office said. New orders increased by 13.1 percent compared to a year ago.

Swedish and global markets strengthen Tuesday after Bank of Japan surprised markets by adopting a near zero rate policy and announced further easing measures to help safeguard a fragile recovery from the threats of deflation. "It was a quite positive surprise," Masumi Yamamoto, equity market analyst at Daiwa Securities Capital Market, told AFP.

Oil company PA Resources rose 3.8 percent Friday after saying its average production increased in the third quarter.

Fashion company Odd Molly took a hit Friday after posting small-than-expected sales. Its shares dives more than 14 percent.

Sweden's fourth largest bank Swedbank denied a media report claiming the bank was in merger talks with two different suitors.

Shares in Volvo Group, the world's second-biggest maker of heavy vehicles, declined 5.3 percent Thursday after its biggest owner, France’s second-largest carmaker Renault SA, said it has sold a 14.9 percent stake in Swedish truckmaker Volvo AB for 3 billion euros ($4.2 billion).

Defense company Saab rallied almost 5 percent Monday after announcing it had received an order for an airborne surveillance system with a value of more than 4.5 billion kronor ($670 million). The company didn't say who the buyer was.

Telecom equipment maker Ericsson declined 2 percent Monday after it said it didn't make a bid for a $451 million telecommunications equipment supply contract with a state-run Indian company. It objected to a government condition requiring bidders to submit software and hardware codes to a third party ahead of the bids.

Airline SAS fell 1.60 percent Monday after the US State Department issued a formal alert warning Americans traveling in Europe to remain vigilant against "the potential for terrorist attacks". Also Sweden's foreign ministry issued a travel alert.

Since the turn of the year the OMX Stockholm 30 index is up 14.06 percent.