The Stockholm Stock Exchange opened unchanged on Wednesday and is performing slightly worse than the major European exchanges.
At 09.25, the OMXS30 index was down 0.06 percent at 3,333.91. Shares worth approximately SEK 1.6 billion were traded on the Stockholm Stock Exchange.
Among the exchange’s larger industry sectors, technology performed best with a gain of 0.2 percent. At the other end of the scale, real estate was at the bottom, down 0.5 percent.
Among the leading shares included in the OMXS30 index, Saab B rose 1.1 percent while Investor A was up 0.5 percent. Tele 2 B performed worst, down 1.7 percent, while Telia was down 1.5 percent.
Food costs have fallen by around 5 percent since the turn of the year, according to the autumn edition of Swedbank’s grocery basket. The temporarily reduced food VAT has had a clear impact, but food prices are still just over 21 percent higher than in January 2022.
Skanska’s US subsidiary Skanska USA Civil Northeast has been awarded a contract worth USD 271.2 million for the construction of a pier for the US Coast Guard’s patrol vessels. The share is down 0.3 percent.
The European Commission has approved Astra Zeneca’s Trixeo Aerosphere as maintenance treatment for asthma in patients aged 12 and over whose disease is not adequately controlled with a medium dose of inhaled corticosteroid in combination with a long-acting beta2 agonist. The share is meanwhile down 0.5 percent.
EQT is launching a platform for the Middle East and opening an office in the ADGM financial centre in Abu Dhabi. The office will be EQT’s first permanent presence in the Gulf region and will serve as a base for relations with investors, companies and partners. The share is up 0.2 percent.
Nyab has signed an agreement with Svenska kraftnät for the second phase of the Letsi Svartbyn project. The agreement is worth approximately SEK 1.6 billion and covers the construction and commissioning of a new 400 kV overhead line in Norrbotten. The share rises 2.6 percent.
JM is starting construction of the Bella project at Telefonplan in Hägersten, Stockholm, with 100 condominiums and an underground garage. Sales are under way and occupancy is expected to begin in the first quarter of 2028. The project is expected to be completed during the third quarter of the same year. The share rises 0.4 percent.
Among today’s share recommendations, Handelsbanken is raising Sweco to Buy (Hold), with a price target of 150 kronor (143). The share rises 5.1 percent.
Pareto Securities initiates coverage of Hexpol with a Buy recommendation and a price target of 110 kronor. The share is up 2.8 percent.
