The upward momentum on the Stockholm Stock Exchange persisted, with the index trading in positive territory at lunchtime on Wednesday.

At 12:50 pm, the OMXS30 index was up 0.72 percent at 3 152.77. Shares worth approximately 7.1 billion kronor were traded on the Stockholm Stock Exchange.

Among the major industrial sectors on the exchange, energy posted the strongest performance with a gain of 1.40 percent. On the other end, consumer discretionary stocks were at the bottom, down 0.81 percent.

Among the leading stocks included in the OMXS30 index, Saab B rose 2.4 percent while Boliden was up 1.7 percent. The weakest performer was H&M B, down 2.4 percent, while Nibe B fell 1.1 percent.

Real estate company Castellum scrapped its dividend, and the stock dropped 1.5 percent. The company is expected to launch a share buyback program. The management result was lower than expected, amounting to 1 132 million kronor.

Shortly before lunch, Lundbergs released its figures. The dividend was raised to 4.90 kronor per share. As of February 16, the net asset value per share stood at 618 kronor. The stock fell 0.5 percent.

Research company Bioarctic surprised with an operating profit of 33.2 million kronor. The market had expected a loss. A dividend of 2.00 kronor per share is proposed. Bioarctic soared 11.2 percent.

Pharmaceutical company Sobi presented a new ambition at its capital markets day to reach 55 billion kronor in revenues by 2030, equivalent to doubling current levels, as well as an adjusted EBITA margin in the upper 30 percent range. Sobi gained 3.2 percent.

Pricing company Pricer announced that it will continue as a partner to Carrefour but will lose exclusivity for digital shelf labels in France. In 2025, sales to Carrefour accounted for less than 10 percent of Pricer's total revenue and a mid-single-digit percentage of gross profit, while the impact on gross profit in 2026 is expected to be a low single-digit percentage. The stock fell 7.5 percent.

Hotel operator Scandic Hotels saw its average occupancy rate increase to 60.8 percent in Q4, while average revenue per available room (RevPAR) rose to 773 kronor. Adjusted EBITA declined year-on-year and the dividend remained unchanged at 2.60 kronor per share. Scandic Hotels dropped 6.8 percent.

Sportsbook supplier Kambi fell 2 percent. Operating profit dropped nearly 11 percent to 4.1 million euros.

Biotech company Bico's adjusted EBITDA more than halved to 56.2 million kronor in Q4. Organic growth was negative at 3.7 percent. The stock rose 4.5 percent.

Installation company Bravida climbed 7.9 percent after announcing a slightly higher dividend of 3.80 kronor per share.

Several recommendation changes appeared in the news flow.

H&M dropped 2.4 percent after DNG Carnegie downgraded to sell from hold.

Truecaller rose 0.7 percent after both Nordea and ABG downgraded to hold.

Sinch increased 7.7 percent, despite Nordea lowering its recommendation to hold.