The Stockholm Stock Exchange closed unevenly on Wednesday after weakening towards the end of the day.
The performance was somewhat weaker than that seen on the leading European stock markets.
SEB was in focus after the announcement of higher capital requirements from the Swedish Financial Supervisory Authority. Among the companies reporting results, Avarda Bank rose, while Micro Systemation surged after issuing a positive profit warning.
At the close, the OMXS30 index was down 0.02 percent at 3,276.27. Shares worth approximately SEK 26.4 billion changed hands on the Stockholm Stock Exchange.
Among the exchange’s larger industrial sectors, energy performed best, rising 2 percent.
At the other end of the scale, financials were at the bottom, down 0.7 percent.
Among the leading stocks included in the OMXS30 index, Astra Zeneca rose 3.4 percent, while Ericsson B was up 2.2 percent. SEB A was the weakest performer, down 4.6 percent, while EQT fell 2.7 percent.
The Swedish Financial Supervisory Authority is raising major bank SEB’s CET1 capital requirement by a further SEK 10 billion after discovering more extensive deficiencies in the bank’s credit risk models. The total capital add-on therefore amounts to SEK 20 billion. Several analysts point to an increased risk of lower share buybacks going forward.
Among the other major banks, Nordea, which releases its interim report on Thursday, rose 0.4 percent, Handelsbanken increased 0.5 percent and Swedbank fell 0.2 percent.
Avarda Bank rose nearly 8 percent. The company reported operating profit of SEK 298 million for the third quarter, which was 5.2 percent better than expected. Revenue was in line with expectations and the financial targets remain unchanged, including a loan portfolio of SEK 35 billion by the second half of 2027 at the latest.
IT reseller Dustin reported better-than-expected adjusted EBITA for the fourth quarter of the broken financial year 2025/2026, while revenue fell short of expectations. The company continues to see market uncertainty and expects component shortages to drive up prices and affect demand. The share fell nearly 6 percent.
Technology company Micro Systemation surged 20.6 percent after issuing a positive profit warning for the third quarter. Operating profit is expected to increase by 57.2 percent to SEK 72 million, from SEK 45.8 million in the corresponding quarter last year. Revenue is expected to rise by 19.4 percent to SEK 175 million.
Investment company Creades reported a negative 1 percent return on net asset value during the third quarter, compared with a 2 percent gain for the benchmark index. No major investments or divestments were made during the period. The share rose 0.9 percent.
Pattern-generation company Mycronic has received an order for two laser-based SLX mask writers from a US customer. The order value amounts to between USD 14 million and USD 16 million, and deliveries are expected to take place during the first quarter of 2028. The share fell 0.1 percent.
Acquisition conglomerate Storskogen was up 0.8 percent. The company has acquired a majority stake in German Duratec, which distributes components and systems for laboratory operations. The company had revenue of SEK 112 million in 2025 and has a large share of recurring revenue.
Research company Oncopeptides has completed a directed share issue of SEK 100 million before transaction costs. The issue comprises 50 million new ordinary shares at a subscription price of SEK 2 per share, corresponding to a discount of 13.9 percent to Tuesday’s closing price. The share fell 22.6 percent.
Handelsbanken raised its recommendation on SEB to Buy from Hold. The price target was raised from SEK 214 to SEK 262.
Inderes raised its recommendation on Eltel to Accumulate from Reduce. The price target was raised from SEK 15.40 to SEK 18.50. The share rose 1.8 percent.
ABG Sundal Collier lowered its recommendation on Norion Bank to Hold from Buy. At the same time, the price target was raised from SEK 62 to SEK 68. The share fell 4.6 percent.
SB1 Markets initiated coverage of fastener company Bulten with a Buy recommendation and a price target of SEK 100. The share rose 5.9 percent.
