The Stockholm stock exchange turned lower on Wednesday after two consecutive days of gains. The performance reflected leading international stock markets, where rising market interest rates and higher oil prices dampened investor sentiment.
At the close, the OMXS30 index was down 0.57 percent at 3,316.90. Shares worth approximately SEK 18.7 billion changed hands on the Stockholm stock exchange.
Among the exchange’s major industrial sectors, technology performed best, gaining 0.7 percent. At the other end of the scale, real estate was at the bottom, down 1.2 percent.
Among the leading shares included in the OMXS30 index, Saab B rose 2.9 percent, while Ericsson B was up 0.9 percent. Boliden performed worst, falling 2.0 percent, while Volvo B was down 1.9 percent.
Skanska’s US subsidiary Skanska USA Civil Northeast has been awarded a contract worth USD 271 million for the construction of a pier for the US Coast Guard’s patrol vessels. The share fell 1.2 percent.
SEB CEO Johan Torgeby believes there is a significant risk that some form of additional bank tax will be introduced after the election. Torgeby made the statement during an appearance at PwC’s Finance Day, Dagens industri reports. SEB’s A share was down 0.3 percent.
The European Commission has approved Astra Zeneca’s Trixeo Aerosphere as maintenance treatment for asthma in patients aged 12 and older whose disease is not adequately controlled with a medium dose of inhaled corticosteroid in combination with a long-acting beta2 agonist. The share fell 1.7 percent.
Recreational products company Thule expects a higher gross margin in the third quarter, mainly due to a one-off effect from refunded US import tariffs. CFO Toby Lawton said this in a market update, according to Dagens industri. The share rose 0.9 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 fell 1.1 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 power line in Norrbotten. The share rose 1.9 percent.
Communications app Truecaller is entering into a global partnership with LinkedIn that allows users to connect their LinkedIn profile to Truecaller. The workplace, job title and LinkedIn verifications can then be displayed to the recipient for incoming calls. The share rose 0.4 percent.
JM is starting production on the Bella project at Telefonplan in Hägersten, Stockholm, with 100 owner-occupied apartments and an underground garage. Sales are ongoing 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 fell 3.1 percent.
Clothing giant H&M, which will release its third-quarter report tomorrow, was down 1.1 percent. According to Modular Finance, analysts expect an operating profit of SEK 5,095 million. Sales performance in September and the outlook for the autumn are points to which analysts are paying particular attention.
Among today’s share recommendations, Handelsbanken was noted to have raised Sweco to Buy from Hold, with a price target of SEK 150 (143). The share rose 2.9 percent.
Pareto Securities initiated coverage of Hexpol with a Buy rating and a price target of SEK 110. The share rose 1.5 percent.
Wolfe downgraded Autoliv to Sector Perform from Outperform. The share fell 1.1 percent.
