The Stockholm Stock Exchange closed in negative territory on Wednesday after a positive opening to the day. The performance mirrored the leading European stock exchanges.
At the close, the OMXS30 index was down 0.52 percent at 3,268.98. Shares worth approximately SEK 23.6 billion were traded on the Stockholm Stock Exchange.
Among the stock exchange’s major sectors, consumer discretionary performed best, rising 0.6 percent. At the other end of the scale, telecom was at the bottom, down 1.4 percent.
Among the leading stocks included in the OMXS30 index, H&M B rose 1.8 percent while Boliden gained 1.7 percent. Telia was the worst performer, down 2.3 percent, while Skanska B fell 1.5 percent.
Ski resort company Skistar rose just over 3 percent after its year-end report. Ahead of the upcoming winter season, bookings are up 3 percent compared with the corresponding period last year. The company is raising its dividend to SEK 3.50 from SEK 3, and fourth-quarter earnings were slightly better than expected.
Mining and rock excavation technology company Epiroc has received what is described as a major order for underground mining equipment from Sibanye-Stillwater for the company’s platinum mining operations in Rustenburg, South Africa. Deliveries are scheduled to begin in the fourth quarter of 2026. The share fell 0.5 percent.
Property company PPI Public Property Invest, PPI, is raising its public takeover offer for Preservium Property to SEK 77.15 per share from the previous SEK 69. The offer values all shares at approximately SEK 358 million, based on PPI’s net asset value as of June 30. Preservium’s share rose 8.6 percent.
Property company Logistea is acquiring four properties in Jutland, Denmark, at an underlying property value of SEK 1,010 million. The share rose 1 percent.
Car dealership company Bilia’s board has extended the employment agreement with CEO and Group CEO Per Avander to July 31, 2029. Avander has been Group CEO since 2011. The share increased 0.9 percent.
Online broker Avanza has coverage resumed by JP Morgan with a Neutral rating, while Deutsche Bank initiates coverage with a Buy rating and a price target of SEK 440. The share rose 1.5 percent.
Online broker Nordnet has coverage resumed by JP Morgan with an Overweight rating and a price target of SEK 401. Deutsche Bank simultaneously initiates coverage with a Hold rating and a price target of SEK 333.20. The share increased 1.1 percent.
Technology trading company OEM International was downgraded by Handelsbanken to Hold from Buy. The share rose 0.1 percent.
Industrial group Bergman & Beving was upgraded by Handelsbanken to Buy from Hold. The share rose 1.5 percent.
Communications services company Sinch has coverage initiated by Pareto Securities. The share fell 2.1 percent.
Several property companies received changed recommendations on Wednesday.
SLP was upgraded by Arctic to Buy from Hold. The share rose 0.6 percent.
DNB Carnegie simultaneously downgraded its recommendation for several property companies. Wihlborgs was downgraded to Hold from Buy and the price target was lowered to SEK 80 from SEK 90. The share fell 1.7 percent.
John Mattson was also downgraded to Hold from Buy, with a new price target of SEK 60, compared with SEK 67 previously. The share lost 1.6 percent.
Catena was downgraded to Hold from Buy and the price target was cut to SEK 390 from SEK 460. The share fell 1.7 percent.
Balder was in turn downgraded to Hold from Buy, while the price target was lowered to SEK 50 from SEK 70. The share fell 2.4 percent.
