The Stockholm Stock Exchange recovered somewhat in the afternoon after oil prices turned lower following signals of diplomatic progress in the Middle East. However, sentiment weakened somewhat towards the end of the day and the stock market ultimately closed slightly lower.
At the close, the OMXS30 index was down 0.08 percent at 3,284.44. Shares worth approximately SEK 22.4 billion were traded on the Stockholm Stock Exchange.
Among the stock market’s larger industrial sectors, industrials and consumer staples performed best, each gaining 0.2 percent. At the other end of the scale, materials and energy were at the bottom, each down 1.1 percent.
Among the leading stocks included in the OMXS30 index, ABB rose 1.7 percent, while SCA B was up 0.9 percent. Boliden performed worst, falling 3.3 percent, while EQT was down 1.6 percent.
Reports continued to come in. Construction and civil engineering company NCC rose 3.3 percent after its Q3 report showed an almost 24 percent increase in order intake to SEK 10,832 million. At the same time, adjusted operating profit declined slightly.
Investment company Latour’s report was positively received and the share rose 5.8 percent. Latour’s order intake, revenue and earnings increased in the third quarter. Net asset value rose to SEK 216 per share, compared with SEK 204 as of 18 August.
Communications app company Truecaller reported slightly lower revenue and a negative net result in the third quarter compared with the corresponding period of the previous year, according to final figures. The result was weighed down by a tax provision of SEK 92 million related to a dispute with the Indian tax authorities. Truecaller fell almost 16 percent.
Industrial group Berner Industrier increased EBITA profit by 19 percent in the third quarter. Order intake decreased by 17.7 percent to SEK 205 million. Berner’s share fell just under 5 percent.
Caravan and motorhome manufacturer Kabe’s operating profit rose sharply to SEK 57 million. Looking ahead, Kabe plans to expand production capacity. Kabe surged almost 18 percent.
Security company Verisure’s adjusted operating profit increased by almost 14 percent to EUR 285 million. Verisure fell 3.5 percent.
E-commerce company Boozt’s adjusted operating profit increased by 59 percent to SEK 107 million. Boozt confirmed the raised full-year forecast from September, with expected revenue growth of 9–12 percent in local currency and an adjusted operating margin of 6.5–7.0 percent. Both growth and the margin are expected to come in at the upper end of their respective ranges. Boozt fell 4.2 percent.
Outdoor apparel company Revolution Race is proposing a reorganisation of its customer service operations that will result in around 25 full-time positions being eliminated. The change is expected to generate annual cost savings of approximately SEK 7 million when fully effective from March 2027. The share was down 0.6 percent.
3D printing company Freemelt decided on a fully underwritten rights issue of SEK 152 million and released preliminary figures for the third quarter. Freemelt’s share fell 22 percent.
SEB upgraded education company Academedia to buy from hold. Academedia rose 6.7 percent.
DNB Carnegie downgraded lock company Assa Abloy to hold from buy. Assa fell 0.9 percent.
Kempen upgraded real estate company Catena to buy from neutral. Catena rose 1.5 percent.
