The Stockholm Stock Exchange continued higher on Wednesday, and a new intraday record was recorded during the day.
At the close, the OMXS30 index was up 0.97 percent at 3,360.01. Shares worth approximately SEK 21.7 billion changed hands on the Stockholm Stock Exchange.
Among the exchange’s major industrial sectors, the technology sector performed best, rising 2.24 percent. At the other end of the scale, consumer goods was at the bottom, down 1.62 percent.
Among the leading stocks included in the OMXS30 index, Ericsson B rose 3.1 percent, while Addtech B was up 2.7 percent. Essity B performed worst, down 1.7 percent, while H&M B fell 1.6 percent.
Brand company New Wave’s operating profit in the third quarter came in 3.5 percent above analysts’ expectations. Revenue was in line with consensus. During the earnings call, CEO Torsten Jansson flagged that the company sees limited opportunities to further strengthen its gross margin without losing market share. The stock rose 2.7 percent.
Gaming company Embracer’s report for the second quarter beat analysts’ expectations, with both revenue and adjusted operating profit significantly better than expected. Embracer repeats its forecast for cash EBIT of at least SEK 1.0 billion for the 2026/2027 financial year. Preparations for the company’s upcoming game launches and the planned spin-off of Fellowship Entertainment are progressing according to plan. The stock saw large movements during the day, with an initial decline before gradually turning higher. At the close, the share price was up 0.5 percent.
Wednesday’s major loser was Bico, which plunged 32 percent, weighed down by a major impairment charge. The former major shareholder, Germany’s Sartorius, has also sold its remaining shares.
Heavy vehicle dealer Ferronordic reports a clear improvement in revenue and operating profit in the third quarter compared with the same quarter last year. The stock closed up 11.2 percent.
Munters updated its financial targets over a 3-5-year period. Annual net sales growth is to exceed 14 percent, while the adjusted EBITA margin is to exceed 14 percent. In an interview with Di, CEO Stefan Aspman stated that the company saw no signs of demand for cooling systems for data centers slowing. Munters closed 2.2 percent higher.
Among the day’s analyst recommendations, Nordea is dropping its Buy recommendation for Nibe and lowering the rating to Hold. The price target is lowered from SEK 50 to SEK 43. Nibe fell 0.3 percent.
Handelsbanken cut its Buy recommendation for Clas Ohlson and lowered the rating to Hold. The price target is raised from SEK 520 to SEK 565. The stock declined 1.3 percent.
Pareto Securities raised its rating for Mentice to Buy, from Hold, and repeats the price target of SEK 16. Mentice surged 13.4 percent.
