The Stockholm Stock Exchange lost some momentum in the afternoon but managed to close in positive territory. The day's performance lagged behind leading European markets, and the Swedish news flow remained relatively calm. Globally, however, U.S. tariff increases on India made headlines.
At the closing bell, the OMXS30 index was up 0.15 percent to 2,566.53. Trading volume on the Stockholm exchange totaled approximately SEK 13.5 billion.
Among the major industrial sectors, energy posted the strongest gains, rising 1.1 percent. At the other end of the spectrum, healthcare was the weakest, falling 1.4 percent.
Within the OMXS30 index, Volvo B climbed 1.6 percent and Saab B rose 1.4 percent. The worst performers were ABB, which dropped 1.6 percent, and Atlas Copco A, down 1.3 percent.
Energy company Orrön Energi tumbled 7.6 percent after releasing its second-quarter report. The company's operating loss widened to €10.2 million and revenue fell 4.3 percent. Orrön Energi also raised its full-year operating cost forecast from €17 million to €19 million.
Financial giant Sampo advanced 4.5 percent on the Stockholm exchange after posting stronger-than-expected second-quarter figures and raising its full-year insurance result forecast to the range of €1,425–1,525 million, up from the previous €1,400–1,500 million. Operating profit came in at €368 million (€296 million last year), beating expectations of €343 million.
On the analysis front, DNS initiated coverage of EQT with a "buy" recommendation and a target price of SEK 347.65. The stock gained 0.6 percent.
Telecommunications operator Tele2, together with GCI, will form a pan-Baltic tower company covering all Baltic countries. Tele2 expects a cash inflow of €440 million from the deal. The transaction is anticipated to negatively impact underlying EBITDAal by about €35 million in 2026. Shares rose 0.6 percent.
Mining company Lundin Gold reported positive results from its drilling programs near the Fruta del Norte mine in Ecuador, sending its shares up 2.3 percent.
Christopher Norbye, CEO of refrigeration wholesaler Beijer Ref, purchased 6,031 shares in the company this morning, worth around SEK 1 million. The stock climbed 2.8 percent.
Yesterday's winners Hacksaw and IPC continued their upward trajectory, rising 2.4 and 1.9 percent, respectively.
On the macroeconomic front, the number of registered unemployed rose from an average of 344,000 in the second quarter of 2024 to 363,000 this year. Unemployment also increased from 6.6 to 6.9 percent.
Additionally, the building materials index showed that turnover in the building materials trade rose by 3.7 percent during the second quarter, while volume fell by 0.4 percent. The industry association Byggmaterialhandlarna revised its forecast for annual volume development downward to 4.0 percent from 6.0 percent, based on comparable units and expressed in constant prices.
