The Stockholm Stock Exchange continued to trade around the flatline at midday on Thursday. Performance is slightly weaker than that seen on leading European bourses. The news flow includes quarterly reports from Kinnevik and SLP, which are moving in opposite directions. Two telecom companies are falling following rating downgrades.

At around 12:30 p.m., the OMXS30 index was down 0.03 percent at 3,117.44. Shares worth approximately SEK 8.4 billion changed hands on the Stockholm Stock Exchange.

The best performing major industrial sector was technology, with a gain of 2.7 percent. At the other end of the scale, telecoms trailed the market, down 0.4 percent.

Among the leading shares included in the OMXS30 index, Hexagon B rose 2.8 percent while Addtech B was up 2.2 percent. The worst performers were Tele2 B, down 2.2 percent, and Telia, which fell 1.9 percent.

Investment company Kinnevik saw its net asset value plunge 22 percent in the first quarter to SEK 100.75. This compares with SEK 129.51 at the end of the previous quarter and SEK 130.59 at the end of the same period last year. As a result, the share price slipped 0.1 percent.

Real estate company Sagax established new financial targets for 2026-2030, aiming for a return on equity of at least 12 percent per year and an increase in profit from property management per share of 5-10 percent per year. Over the past five years, the average return has been 14 percent, while earnings per share have increased by 15 percent annually. The dividend policy remains unchanged. The B-share was down 0.8 percent.

Short-selling firm Grizzly Research leveled sharp criticism at communication services company Sinch in a report. The stock initially fell but has since traded up around 5 percent. The criticism is primarily directed at the American voice service Inteliquent, which Sinch acquired in 2021 and is a major financial contributor to the group. Grizzly identifies Inteliquent, which is under regulatory scrutiny, as the single largest player behind scam calls and robocalls in the Western Hemisphere, and criticizes Sinch for compliance failures.

Technology company Sivers Semiconductors, which has shown incredible strength on the exchange recently, approved a directed share issue raising approximately SEK 125 million before transaction costs. In connection with this, the company also stated that it is evaluating a dual listing of its shares in the US. Sivers rose 2.5 percent.

Logistics real estate company SLP rose 4 percent. Profit from property management increased by 30 percent to SEK 174 million.

Research company Bioarctic fell by over 9 percent after a report concluded that new Alzheimer's drugs are practically meaningless from a patient perspective, as highlighted by Dagens Nyheter.

Real estate investment company Fastator announced that it will write down the value of its holding in Företagsparken by SEK 48.4 million in its annual report, compared to the 2025 year-end report. Additionally, one of Fastator's subsidiaries has sold properties for SEK 312 million. The share was down 1.4 percent.

Among today's analyst recommendations, Castellum was upgraded to buy from hold by Nordea, and the stock rose 2.2 percent.

Dustin climbed 6.4 percent after Handelsbanken raised its recommendation to buy from hold.

Nordea upgraded Wallenstam to hold from sell, and the share traded up 1.1 percent.

Sveafastigheter was downgraded to hold from buy by Nordea and fell over 1 percent.

Gränges saw its recommendation lowered to hold from buy by Kepler Cheuvreux and was down 0.8 percent.

For the telecom duo Telia and Tele2, both ABG Sundal Collier and Kepler Cheuvreux have lowered their recommendations. ABG downgraded Telia to sell from hold, while Kepler downgraded to hold from buy. Tele2 was downgraded to hold from buy by both ABG and Kepler.

Munters sank 5.5 percent. DNB Carnegie has lowered its recommendation to hold from buy.

EFN issued a buy rating on technology trading company Indutrade. The stock rose 2.6 percent.